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Revolution (OP)
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April 18, 2014, 10:40:31 AM
Last edit: June 12, 2014, 07:00:47 PM by Revolution
 #1

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 18, 2014, 11:23:42 AM
 #2

I'd keep half and sell half in the coming days when the price rises up. When the price rises up to 1k sell half of what's left and keep the 1.5 BTC as a long term investment.

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April 18, 2014, 12:11:59 PM
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I'd keep half and sell half in the coming days when the price rises up. When the price rises up to 1k sell half of what's left and keep the 1.5 BTC as a long term investment.

hmmm ok, once it hits over 550 I will sell half.

Yes you could do that. But i thought people are expecting more from bitcoin. Like what's the point for waiting till bitcoin goes up $50-$60 and sell your half (3 bitcoin) and make only $150-$180? Usually people who have alot of bitcoins just wait expecting that it will double in long term. And in your situation you wouldn't make much manipulating with 6 Bitcoins. What's your point? To Buy/sell bitcoins to make more of them or you just want to sell because you are scared to lose few $100's dollars?
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April 18, 2014, 12:36:39 PM
 #4

Hold youre 6 BTC untill the next ATH, sell all ore 50% and buy youre coins back at low and repeat.
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April 18, 2014, 01:07:52 PM
 #5

I'd keep half and sell half in the coming days when the price rises up. When the price rises up to 1k sell half of what's left and keep the 1.5 BTC as a long term investment.

hmmm ok, once it hits over 550 I will sell half.

Yes you could do that. But i thought people are expecting more from bitcoin. Like what's the point for waiting till bitcoin goes up $50-$60 and sell your half (3 bitcoin) and make only $150-$180? Usually people who have alot of bitcoins just wait expecting that it will double in long term. And in your situation you wouldn't make much manipulating with 6 Bitcoins. What's your point? To Buy/sell bitcoins to make more of them or you just want to sell because you are scared to lose few $100's dollars?
Well, most are expecting, however to make sure you won't lose all in case some horrible thing happens to bitcoin, you have to withdraw some while leaving some when BTC hits 50K Cheesy.

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April 18, 2014, 03:12:01 PM
 #6

U can sell half now and buy back if price falls again

please unban me.
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April 18, 2014, 03:17:58 PM
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Never go back to FIAT. Invest them, trade, buy stuff, ...
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April 18, 2014, 03:39:49 PM
 #8

I have a question.

I currently own 6 BTC. I am wondering if I should sell or wait. Do you guys think the price will ever come back up? I keep thinking it will and then it crashes... with mgtox and all this stuff going on I am losing faith.

Wait, hold... This year it will raise to above $1000.
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April 18, 2014, 03:41:54 PM
 #9

China's exit must be priced into the market.

So far, there is only 1 big exchange left to go over there: BTC-China.

Once BTC-China's exit from the market is figured in and people are over it and by extension China in general - you will see that long-term upswing recovery.  No rockets, just a nice little curve up over time.
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April 18, 2014, 04:10:45 PM
 #10

Horde. Hodl.
Horde. Hodl.
Horde. Hodl.

Sell buy sell then hodl again.

Gathering bitcorns.
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April 18, 2014, 04:12:54 PM
 #11

But seriously...

The only mistake you can make really is to sell too early.

Gathering bitcorns.
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April 18, 2014, 04:26:15 PM
 #12

Selling now would be stupid imo, you will regret it in 1-2 years.

The gox stuff is in the past and all the China FUD is already factored in the price, also don't let the USD price affect your emotions.
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April 18, 2014, 08:07:07 PM
 #13

Sell it all. Regardless of what happens to the exchange rate, at least you will be able to sleep at night.

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April 18, 2014, 08:26:42 PM
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Sell it all. Regardless of what happens to the exchange rate, at least you will be able to sleep at night.

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April 18, 2014, 08:31:08 PM
 #15

I have a question.

I currently own 6 BTC. I am wondering if I should sell or wait. Do you guys think the price will ever come back up? I keep thinking it will and then it crashes... with mgtox and all this stuff going on I am losing faith.

If you lose faith because of MtGox you did not understand anything about Bitcoin. MtGox was a centralized institution based on trust in people you have never met. Just like any bank. Just like your government. Just like the central bank who for some unfathomable reason you do trust.

Every centralized institution will fail, just like MtGox did. And in a very similar manner.

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April 18, 2014, 08:39:12 PM
 #16

If you can afford to loose the money then I would hodl for 3 to 5 years and see where this train goes to.
This is one of those few times in life you get to make it big, no lottery ticket or casino table can give you better odds.
I myself am not selling before I can buy a big house for my double digit bitcoins. Sounds crazy, but I like crazy Cheesy
I also fully accept the fact that I will probably end up with $0.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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April 18, 2014, 10:35:58 PM
 #17

funny responses here, but nobody gave you the correct one. now is the great time to buy! you only have 6, buy at least 4 more on a dip, you can thank me later. or don't, but remember this bit of wisdom:

buy low
sell high

high as in after a rally.
low as in after a crash.

simple really, but I'm surprised daily how many people fail to understand that and chose to remain broke.

i am satoshi
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April 18, 2014, 10:47:30 PM
 #18

the price will eventually come back to 1k

probably before the end of this year..

depends how hard do you need the money etc.

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April 18, 2014, 11:07:22 PM
Last edit: April 19, 2014, 05:31:10 PM by odolvlobo
 #19

I currently own 6 BTC. I am wondering if I should sell or wait. Do you guys think the price will ever come back up? I keep thinking it will and then it crashes... with mgtox and all this stuff going on I am losing faith.

Asking strangers in a forum on the internet how you should invest your $3000 is very risky, and you are going to lose it. If you don't know what you are doing, then the best action you can take is to sell the BTC and invest the money is something that you are more familiar with.

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