Thinking about Selling

[FNG]

Sell. It's going to be funny to watch people scramble as the auction is sold off to strong hands who pay a premium to purchase a large lot of coins, without wiring $millions to an un-trusted exchange

[percocet]

Hold on to your coins for dear life. The longest you will have to wait is until the end of 2015 to see an astronomical return. The world will be a much different place by then, mark my words!

[nwfella]

Wouldn't recommend selling more than 15-20% of your coins at most.  I too am expecting a fairly large dip after the auction but not as a result of anybody buying the coins at Marshall's auction premium.  My guess: one or more big bag holders will want to get people to sell their coins so they can re-buy cheap.

[saddambitcoin]

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

[trader001]

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

Unrealistic for late comer to expect bitcoin will make them rich. Early adopter should just realize the profit and enjoy the beach.

[JimboToronto]

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

Unrealistic for late comer to expect bitcoin will make them rich. Early adopter should just realize the profit and enjoy the beach.

Latecomers? We're still all early adopters. Adoption has barely started.

[SilenceDogreat]

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week.  If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?  
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period".  I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo.  Do what you think makes sense, that's always the best way to go.

[atp1916]

These threads. 

The current "crises" is the SR coin auction.  Every single one of you bears know full well that bitcoin will recover after this auction is done.

[600watt]

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week.  If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?  
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period".  I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo.  Do what you think makes sense, that's always the best way to go.

ok, let us know when you buy back.

[falllling]

These threads. 

The current "crises" is the SR coin auction.  Every single one of you bears know full well that bitcoin will recover after this auction is done.

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

https://bitcointalk.org/index.php?topic=178336.msg7501383#msg7501383





they look similar? Fear + Capitulation + Despair are coming!!!

[SilenceDogreat]

<--- not with ^this guy.

I'm bullish in the long-term, as I said.  Just enjoy trying to identify dips and trading on them.
And of course, I could be completely wrong - which is why I still have more than half.
I will let you know when I get back in... and how hard I kicked, if I did.

[atp1916]

These threads. 

The current "crises" is the SR coin auction.  Every single one of you bears know full well that bitcoin will recover after this auction is done.

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

https://bitcointalk.org/index.php?topic=178336.msg7501383#msg7501383



they look similar? Fear + Capitulation + Despair are coming!!!

https://bitcointalk.org/index.php?topic=665043.msg7503757#msg7503757

[SilenceDogreat]

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.


Good luck to all

[600watt]

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.


Good luck to all

this is really interesting, i don't think price will drop big at all.  at what price have you sold (if you want to share) ?

good luck as well 

[Torque]

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.


Good luck to all

That article was the most ill informed FUD hit piece I've ever seen, timed perfectly the day of the auction so as try to sway the market downward.  Some forex guy that works for Citi weighed in on this whole thing with his brilliant uber insight?  Wow, just wow.  

Shame on you Coindesk for publishing such a piece of crap article.

[galbros]

There is no way to know of course.  However, given the auction of 30,000 coins that were otherwise off the market it would seem that the price should drop some.  Of course, the price has already dropped, so is that auction already "priced in" is the real question?

I would not sell my bitcoin unless I needed the money for something.  Long term bitcoin seems deflationary, assuming it can survive things like Ghash.io, China's multiple bans, incompetent operators (thank you Mark K.), and scammers, and it has done pretty amazing so far, it has a bright future.

Good Luck!

[HurricanOday]

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

[Bogleg]

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

Unrealistic expectation.

Remember this, if it is that easy to get rich, there will be no poverty in the world.

[maker88]

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

Unrealistic expectation.

Remember this, if it is that easy to get rich, there will be no poverty in the world.

[/quote

um thats a totally realistic expectation. remember for every smart person trying to get rich, theres a negative nancy like you who will stay poor because they're not willing to take the risk.

[negafen]

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

Unrealistic expectation.

Remember this, if it is that easy to get rich, there will be no poverty in the world.

um thats a totally realistic expectation. remember for every smart person trying to get rich, theres a negative nancy like you who will stay poor because they're not willing to take the risk.

Didn't Myron Scholes say similar thing to a derivative trader before proven to be wrong?