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Author Topic: How many bitcoins do you own? Let us know!  (Read 32665 times)
caga
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December 21, 2014, 02:10:39 PM
 #321

I wonder how many actually held that amount till 2013 when the price increase happened.
Would have been tempting to sell those, even when the price went up to 100$.

To be fair, the price increased plenty before 2013.  The price increased 600-fold during the 11 months from OP, dwarfing the 100-fold rise from base to peak we saw in 2013 (remember, OP was following a 3-week, 10-fold rally so many of these holders would be looking at a 6000-fold rise in 1 year).  The temptations to sell at certain points were greater back then as volatility was higher and future adoption was far more uncertain.  I can attest to the temptation of selling at parity (1 USD/BTC) when you're sitting on many bitcoins that you generated with a single desktop computer or bought for peanuts just a year earlier.
The price was around 80$ in 2012, was still a very good price back then for early adopters.
 I wonder if satoshi sold majority of his coins then.

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December 21, 2014, 02:38:55 PM
 #322

The price was around 80$ in 2012, was still a very good price back then for early adopters.

Throughout 2012, the price ranged between 4 USD/BTC and 14 USD/BTC.  The price reached 80 USD/BTC for the first time in late March, 2013.
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December 21, 2014, 03:32:48 PM
 #323

i own a big 0 of bitcoins

but my biggest balance was 0.5 btc!

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December 21, 2014, 03:33:05 PM
 #324

I happened to have 5 Bitcoins  back in 2011, sold it for a small profit.

I wish I had kept that amount till 2013 as well.

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December 21, 2014, 03:48:54 PM
 #325

The price was around 80$ in 2012, was still a very good price back then for early adopters.

Throughout 2012, the price ranged between 4 USD/BTC and 14 USD/BTC.  The price reached 80 USD/BTC for the first time in late March, 2013.

wow then there was a large pump in december

because it reached 1250$

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December 22, 2014, 01:46:28 AM
 #326

This thread made me start kicking myself.
What the hell was I doing in 2010?

 

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December 22, 2014, 02:05:09 AM
 #327

This thread made me start kicking myself.
What the hell was I doing in 2010?

I know what you mean. But if everyone knew what they know now, the price at the end of 2010 would've been in the multiples of thousands.

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December 22, 2014, 02:25:08 AM
 #328

1 btc
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December 22, 2014, 06:27:43 AM
 #329

I wonder how many actually held that amount till 2013 when the price increase happened.
Would have been tempting to sell those, even when the price went up to 100$.

To be fair, the price increased plenty before 2013.  The price increased 600-fold during the 11 months from OP, dwarfing the 100-fold rise from base to peak we saw in 2013 (remember, OP was following a 3-week, 10-fold rally so many of these holders would be looking at a 6000-fold rise in 1 year).  The temptations to sell at certain points were greater back then as volatility was higher and future adoption was far more uncertain.  I can attest to the temptation of selling at parity (1 USD/BTC) when you're sitting on many bitcoins that you generated with a single desktop computer or bought for peanuts just a year earlier.
Exactly. It is important to remember that hindsight is always 20/20. The price of bitcoin has spiked several times throughout history, each time giving a huge incentive for hodlers to potentially sell what they have.

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December 22, 2014, 12:45:10 PM
 #330

I wonder how many actually held that amount till 2013 when the price increase happened.
Would have been tempting to sell those, even when the price went up to 100$.

To be fair, the price increased plenty before 2013.  The price increased 600-fold during the 11 months from OP, dwarfing the 100-fold rise from base to peak we saw in 2013 (remember, OP was following a 3-week, 10-fold rally so many of these holders would be looking at a 6000-fold rise in 1 year).  The temptations to sell at certain points were greater back then as volatility was higher and future adoption was far more uncertain.  I can attest to the temptation of selling at parity (1 USD/BTC) when you're sitting on many bitcoins that you generated with a single desktop computer or bought for peanuts just a year earlier.
Exactly. It is important to remember that hindsight is always 20/20. The price of bitcoin has spiked several times throughout history, each time giving a huge incentive for hodlers to potentially sell what they have.

I think that's why many of us became speculators. I've sold and repurchased every btc I have many times. It's ok to sell providing you are just waiting for the next dip to repurchase. Give it a try it right now. Place a sell order for $350. When they sell place a buy order for $332. When the buy order fills you still have all your BTC + 5% more. This simple pattern has worked twice for me in the past couple of months. Keep a close eye on the price. If you see a run up happening buy in quickly. If you see a crash happening sell quickly and buy back in when the price settles +- 5% for more than a week. Rinse and repeat. May to June were the best months for me this year. I had just bought back in at $447 then a couple of weeks later the price spiked to the mid $600s and I sold for $595. I'm all in again waiting for after New Years when the price usually spikes up. I expect to sell again by April and start over.

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December 22, 2014, 12:56:05 PM
 #331


I think that's why many of us became speculators. I've sold and repurchased every btc I have many times. It's ok to sell providing you are just waiting for the next dip to repurchase. Give it a try it right now. Place a sell order for $350. When they sell place a buy order for $332. When the buy order fills you still have all your BTC + 5% more. This simple pattern has worked twice for me in the past couple of months

I've always been tempted to try this sort of bitcoin trading but I'm always scared either the bitcoin exchange will go down or get hacked or the price will skyrocket once I'm waiting to buy back.

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December 22, 2014, 01:02:32 PM
 #332


I think that's why many of us became speculators. I've sold and repurchased every btc I have many times. It's ok to sell providing you are just waiting for the next dip to repurchase. Give it a try it right now. Place a sell order for $350. When they sell place a buy order for $332. When the buy order fills you still have all your BTC + 5% more. This simple pattern has worked twice for me in the past couple of months

I've always been tempted to try this sort of bitcoin trading but I'm always scared either the bitcoin exchange will go down or get hacked or the price will skyrocket once I'm waiting to buy back.

There are concerns when trading and I have lost money at times. If you are afraid to lose then definitely don't do it. Day traders like to stroke themselves by telling you how great they are at trading but that's all bullshit. Successful trading is all about luck and educated guesses. If you have luck on your side then you will make some btc. I've been lucky and used a couple of exchanges that have stayed around. BTCe has a pretty good trading platform. It's quick and easy to use. You might try that one and start out small.

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