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Author Topic: Cash out or keep bitcoins?  (Read 4427 times)
hilariousandco
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Don Hilary


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December 31, 2013, 03:38:27 PM
 #41

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.

Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.

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December 31, 2013, 03:44:55 PM
 #42

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.

Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.

Completely? Never! If you believe in the thesis of Bitcoin it will be the primary vehicle to store wealth in in the future.

As the undervaluation shrinks, diversification into other assets is prudent. I don't think we're there yet though.
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December 31, 2013, 03:45:22 PM
 #43

cashing out?  what does that even mean
bitcoin IS my currency!   Cool
hilariousandco
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Don Hilary


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December 31, 2013, 03:51:17 PM
 #44

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.

Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.

Completely? Never! If you believe in the thesis of Bitcoin it will be the primary vehicle to store wealth in in the future.



Ok, let me rephrase that: When do you start spending your coins? haha.

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wachtwoord
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December 31, 2013, 03:55:26 PM
 #45

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.

Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.

Completely? Never! If you believe in the thesis of Bitcoin it will be the primary vehicle to store wealth in in the future.



Ok, let me rephrase that: When do you start spending your coins? haha.

Same answer Smiley
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December 31, 2013, 03:58:43 PM
 #46

I got my dozen or so coins when BTC was going for $15 apiece. And I am going to hold them until they reach the 1 million mark. If that doesn't happen in the near future, then I'll give the coins to my children.

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hilariousandco
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December 31, 2013, 04:12:15 PM
 #47

I got my dozen or so coins when BTC was going for $15 apiece. And I am going to hold them until they reach the 1 million mark. If that doesn't happen in the near future, then I'll give the coins to my children.

When they're worth 1 millon each or the dozen are worth a million total? Either way you might be waiting a while  Cheesy.

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DannyHamilton
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December 31, 2013, 05:48:38 PM
 #48

When they're worth 1 millon each or the dozen are worth a million total? Either way you might be waiting a while  Cheesy.

True.  That could be many months from now.  I'm not sure I have that much patience.

yatsey87
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December 31, 2013, 05:50:45 PM
 #49

I'm hodling for the future. Will spendl when I can buy stuff I really want online or on the highstreet.
DannyHamilton
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December 31, 2013, 05:50:50 PM
 #50

Ok, let me rephrase that: When do you start spending your coins? haha.

Any time you spend ANYTHING of value, you are reducing the total potential amount of bitcoins you could be holding (since that thing of value could have been exchanged for bitcoins instead) and are therefore indirectly spending bitcoins.

DodoB
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December 31, 2013, 05:55:42 PM
 #51

Cash out one half,the other one keep and sell later(if its not urgent)
Dauntae14
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December 31, 2013, 05:59:07 PM
 #52

I say stay in, once china finds a alternative to depositing there fiat money it will go up
Mensfreedom
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December 31, 2013, 06:11:18 PM
 #53

keep bitcoins at least for 2 months, the price will be better, i think

URL for miners: stratum+tcp://mensfreedom.com:3333
bitcointalk.org/index.php?topic=393765.0
oprahwindfury
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December 31, 2013, 06:11:28 PM
 #54

I've always followed the "never invest more than you can afford to lose" mantra so I will be holding. I would like to see what 2014 holds for us. All these news surrounding bitcoin will have an impact and it will be extremely interesting to see how the mainstream crowd reacts to bitcoin. I just like the ride if you ask me. Not really ingrained in these "to the moon" prophecies, just biding my time patiently looking at bitcoinwisdom tickers. It's fun!

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Hagbard
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December 31, 2013, 06:22:51 PM
 #55

I think the price will go up with increasing difficulty of mining it (i.e. lower amount of additional coins added to the pool), as well as the increased attention it receives from the media (i.e more people buying it). It is however a very volatile currency. Especially with 'casual buyers' panic selling. You'll see lots of ups and downs. Best strategy IMO is to get yourself informed about trading strategies and apply them accordingly. There's a lot of profit to be made if you know when to sell and when to buy. Determining those timepoints is the difficult part, however  Smiley  But that's generally the case with trading.
flybitbird
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December 31, 2013, 07:04:34 PM
 #56

good times when BTC= few bucks:))
LeoC
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December 31, 2013, 07:07:20 PM
 #57

BTC will be back over $1k soon.
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