Bitcoin has not changed fundamentally, so why sell?

[Mikerogers]

Time and time again I see people panicking over Bitcoin and how it could crash any second and the ignorance frankly frustrates me. If you look at any bitcoin chart it'll show that Bitcoin has actually been gradually rising over time. The only reason it has been volatile lately is because it just recently got caught in the public eye. This caused a large amount of speculators to put money in and out of Bitcoin, which caused the swings we've witnessed recently. The fact of the matter remains though that Bitcoin has not fundamentally changed at all since 2009. If you bought in at ANY time before the price hike in November of 2013 then you're still up on your investment. I read some of this from the articles below if you want to see some charts/data for yourself.

http://www.panture.com/should-i-sell-my-bitcoins/

http://www.forbes.com/sites/timothylee/2013/02/14/why-i-dont-think-bitcoins-big-price-rise-is-another-bubble/

[1715150898]

1715150898

[1715150898]

1715150898

[LiteCoinGuy]

correct

[cryptoanarchist]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

[Mikerogers]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

+1
I think most of the sellers were people not really understanding Bitcoin. Once you understand it, you become more inclined to hold onto it imo.

[RomertL]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

+1
I think most of the sellers were people not really understanding Bitcoin. Once you understand it, you become more inclined to hold onto it imo.

I myself got a couple of 'em for around 400

[beatljuice]

Aren't you answering your own question when you bring up "speculators?"

[Newfeeling]

As much it annoys and frustrates the hell out of us, some people think this is a reason  :

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcRn7td5voci0I7fZTueU8-SSeJKUuI6GMUdxKZu2Jy_U71uKIwsGg

[Mikerogers]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

+1
I think most of the sellers were people not really understanding Bitcoin. Once you understand it, you become more inclined to hold onto it imo.

I myself got a couple of 'em for around 400

Nice job, I myself take advantage of all dips I see too. Every time I have 3-4K on hand, (USD) I try to buy 1-2 BTCs to put away.

[counter]

That is a great question.  Some people just can't grasp that Bitcoin was made to weather the story so to speak.  Alot of time trying to explain that it is more then fiat could ever hope to be.

[billysweird]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

+1
I think most of the sellers were people not really understanding Bitcoin. Once you understand it, you become more inclined to hold onto it imo.

+1

[gagalady]

People who "understand" Bitcoin wont sell them now. So question why sell? Noone will sell only those who have no idea what they are doing. Of course we never know 100% what will happen but cmon everyone is buying to make a profit, so they just keep waiting.

[cr1776]

Time and time again I see people panicking over Bitcoin and how it could crash any second and the ignorance frankly frustrates me. If you look at any bitcoin chart it'll show that Bitcoin has actually been gradually rising over time. The only reason it has been volatile lately is because it just recently got caught in the public eye. This caused a large amount of speculators to put money in and out of Bitcoin, which caused the swings we've witnessed recently. The fact of the matter remains though that Bitcoin has not fundamentally changed at all since 2009. If you bought in at ANY time before the price hike in November of 2013 then you're still up on your investment. I read some of this from the articles below if you want to see some charts/data for yourself.

http://www.panture.com/should-i-sell-my-bitcoins/

http://www.forbes.com/sites/timothylee/2013/02/14/why-i-dont-think-bitcoins-big-price-rise-is-another-bubble/

My only quibble is with "gradually"! :-)  Otherwise, makes sense.

[BBQcopter]

Actually I completely divested at about $190 earlier in the week, I'm HOPING it goes down to about $30 .

[hashman]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

+1
I think most of the sellers were people not really understanding Bitcoin. Once you understand it, you become more inclined to hold onto it imo.

Hello..  pay the rent much?  vacations?  bedsheets?  alpaca socks? 

[spazzdla]

Fear
Doubt
Uncertianty

[BitchicksHusband]

I'm pretty happy about all the people selling. I was worried I'd never get to buy at sub-500 prices again.

+1
I think most of the sellers were people not really understanding Bitcoin. Once you understand it, you become more inclined to hold onto it imo.

Hello..  pay the rent much?  vacations?  bedsheets?  alpaca socks? 

If I needed to pay my mortgage or buy socks, I wouldn't have put my money into bitcoin to begin with. 

Now vacation funds I can see, since you only need those once a year or so.  But if you are selling to buy things you need on a day-to-day basis, you are over-invested.

[maok]

... The only reason it has been volatile lately is because it just recently got caught in the public eye. This caused a large amount of speculators to put money in and out of Bitcoin, which caused the swings we've witnessed recently...

Sorry don't know how new you're into bitcoin but it has always been volatile in the market and there have been few crashes more serious than the current 50% drop, its one of its main characteristics because its still at the beginning and only when more than 90% of bitcoin will have been mined you will see a relatively stable exchange rate, till then there will be many bubbles

[CurbsideProphet]

Why sell?  For the old guys, it's probably some profit taking.  For the newbies, well they just haven't experienced the volatility of Bitcoin.