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Author Topic: Cash out or keep bitcoins?  (Read 4171 times)
silver52961
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February 04, 2012, 12:39:05 AM
 #21

If I were you, I would wait for the market to rise in value
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Highway 596
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February 04, 2012, 04:52:08 PM
 #22

While I'm new and my BTC grand-total is a whopping 0.1ish, I wonder if BTC, over the last few months anyways, is really all that more unstable than actual currencies like the Euro with what we've seen politically this winter...
digital-reality
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February 05, 2012, 12:22:02 AM
 #23

I agree with the majority of the rest of the posters. The value of a bitcoin has tanked for a while and is slowly rising back up so right now is a great time to buy/trade other currency for them but you should sit on the ones you have imo.

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xloki
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February 05, 2012, 03:18:52 AM
 #24

keep as man as possible but spent a few here and there just for the joy of it.
defenestra
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February 05, 2012, 12:59:02 PM
 #25

If you don't know what will happen then try to averaging your exchanges. Just agree on given amount per week to sell or spend. That way you'll get your worth of btc and you'll have some saved for latter.

Thought I am a Monad I cling to pure functions. Let me be less imperative...
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heybabit
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February 05, 2012, 09:54:57 PM
 #26

I normally keep them until I want to buy something. So I say do a combination of 1 and 2. If you want to buy something, then cash out. Otherwise wait for the rate to go up  Smiley
red123
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February 06, 2012, 01:34:06 AM
 #27

Keep your bitcoins, unless you need the cash...I think as the year goes by it will increase.
TheHeroMember
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February 06, 2012, 06:25:49 AM
 #28

time will come when the demand on bitcoin will grow.

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Electrongolf
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February 06, 2012, 07:27:08 AM
 #29

Keep them. You might find something that you want to buy. If more people start buying stuff with them, the value will rise.

joest
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February 06, 2012, 09:44:30 PM
 #30

Now I'm new to the whole bitcoin world, so forgive me of I'm wrong, but isn't the number of coins that come from a mined block set to half itself sometime in 2012? This would probably mean a lot of the lower-end miners dropping out (since it wouldn't be valuable to them anymore), leaving less competition which would equal, at least in a small way, higher exchange rates?

I don't know about you, but if I had a stash of bitcoins I'd keep them. Markets of all sorts, not just bitcoins, tend to fluctuate a bit.
Wandering Albatross
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February 06, 2012, 09:55:22 PM
 #31

How exposed are you?  It seems to me that unless you need the $$ just hold on to them. If you do need some $$  try to calculate what portion would make you feel less exposed and sell that. Keep the rest. The price can only go up. Or it could go to zero. There will only ever be 20 mill. BTC.
and there are 7 bill. people.

It all comes down to what risk you want to take.

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alfonzo1955
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February 07, 2012, 12:24:20 AM
 #32

It really depends if you want the money or not.
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February 07, 2012, 02:38:22 AM
 #33

Keeping them is for future purposes.

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the joint
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March 01, 2012, 02:43:42 AM
 #34

I've made the vast majority of my profit when the price of BTC falls.  If I had held from the beginning, I'd be down about 400%.  Instead, I'm currently up around 1500%.  There are merits to cashing out if you're a good trader.

There are also merits to buying low and selling very, very, very high   Cheesy

vmarchuk
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March 01, 2012, 06:16:19 AM
 #35

I see Bitcoin as speculate investment. When mining reward cut in half soon, value go UP UP UP and comedy value go DOWN DOWN DOWN.

Like stock purchase. Keep GLD spider in stock account and sit on for while.

Maybe bitcoin go into toilet. Who know. I not think so.

If you no can afford to gamble, then not get into bitcoin.
vual
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December 31, 2013, 01:29:40 PM
 #36

how about latly, you goto admit its been strange, last week, 5.21,5.41,5.47,5.80,5.95,...6.10 next??

Lucky u didnt cash out at 5$ wait for 7?

lmfao, so ..... who cashed out hahahahhahahaha
sorry for the bump couldnt help it , hahahahha imagine that cashing out >< Tongue

yatsey87
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December 31, 2013, 01:50:47 PM
 #37

Here's the deal, there are websites that pay the current value in cash/gift cards for bitcoins. The bitcoin exchange rate is falling lately($7.1 USD to $5.5). What do you think is the best option is?:
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here. Smiley

Oh man. This is why I won't be cashing out any time soon. I'm excited for the future. Hopefully we don't hold on for too long and lose out lol.
jeomses
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December 31, 2013, 01:52:57 PM
 #38

Hello,

Bitcoin is simply a new form of payment for the future!

Any digital currency, proven, BTC, LTC, etc, will greatly increase your value!
bouncemeister
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December 31, 2013, 02:36:40 PM
 #39

In my opinion, cashing out has it's merits.  

I look at it as "locking in" my profits, or locking in at a price.

Suppose you buy at $5.50 and the price goes to $6.  In this market, one rich man's decision can cause that price to fall just as fast as it rose.  Holding could mean losing an opportunity for a profit that you have evidence for in the present moment.

I often cash out at times like these to "lock in" my profit.  If the price continues to climb, I can still hop back on board and lose out on the transaction fees.  The hardest part about this is knowing when it is, in fact, continuing to climb.

Nonetheless, while I'm disappointed that I've missed some good climbs that occurred after cashing out (hindsight is always 20/20), I'll tell you one thing: It always hurts less to miss out on a climb than to miss the right time to sell.  
"It always hurts less to miss out on a climb than to miss the right time to sell.  "
Exactly!
 

riggityroche
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December 31, 2013, 03:27:17 PM
 #40

This thread is hilarious.  Grin
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