hold or dump?

[Fernandez]

Too late to ask, if you wanted to sell you should've sold earlier. At present the chance of it going significantly lower is small.

You've made your choice earlier to hold, stick with it.

[WEB slicer]

honestly, i don't want to sell. but the rational side of me if making me think about it.

a few weeks ago my buddy told me to go gambling with him. i got on a quarter slot machine and was on a hot streak. got myself up to $92. when i hit $90 i said i was going to cash out at $100. $100 never came. as my winnings dwindled i said i'm going to keep going and didn't really concern myself with losing it. in the end i lost it all cause i wanted a few more bucks. this can be disastrous with my BTC and i could lose a small fortune.

[AnonBitCoiner]

This pattern will keep repeating itself we are in the middle of peaks at this very moment and after time again to new heights. No reason why this would not happen again network keeps growing on and on.

How do people estimate that; how statistically probable is that prediction? While it's true that BitCoin is gaining traction, it's been decreasing in value EVEN THOUGH popularity has been increasing

[dmugetsu]

I say hold it for a few month

I believe in the potential of btc

[Q7]

Not sure how to put it into words but just ponder for a moment....If you hold on to it right now what else do you have to lose? If you sell out now, basically you have confirmed your fate. Either way, you are just mitigating the losses. Even if the price goes practically to zero which I believe is not possible as long as there is demand, the risk you are taking is probably worth it.

[AnonBitCoiner]

Not sure how to put it into words but just ponder for a moment....If you hold on to it right now what else do you have to lose? If you sell out now, basically you have confirmed your fate. Either way, you are just mitigating the losses. Even if the price goes practically to zero which I believe is not possible as long as there is demand, the risk you are taking is probably worth it.

If everyone was to just hold onto it, wouldn't the price decrease?

[BitCoinNutJob]

Always hold, remember the price just 2 years ago, we cant just go exponential all the time.  Also consider 2014 has been the best year for bitcoin so far.   

[LiteCoinGuy]

dump!

[sase007]

Hold

[altcoinUK]

This pattern will keep repeating itself we are in the middle of peaks at this very moment and after time again to new heights. No reason why this would not happen again network keeps growing on and on.

It's quite amazing that most of the dreamers who use the $1,110 price as a reference point to predict further growth ignore that the aforementioned all time high price was most likely due to two Mtgox bots' (Willy and Markus) trading activities. The two bots purchased 570,000 BTC which was more than enough to push the price to $1,100.
http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/

The growing BTC user base and incoming VC money to BTC infrastructure projects are really encouraging, but everything else has been either a scam, fraud or completely delusional activity in the last 18 months in the digital currency domain -  it seems to me the $1,100 price certainly was a scam.

[Lethn]

This is the beginning of something big, haven't seen movements like this for awhile, someone is moving coins around, that said, if you bought in the highs that was foolish and you should have dumped a long time ago.

[flipstyle]

This pattern will keep repeating itself we are in the middle of peaks at this very moment and after time again to new heights. No reason why this would not happen again network keeps growing on and on.

dillusional.jpeg





We're not even close to the bottom yet. This is basic economics 101.

[doof]

It really depends on how much your have and what its worh to you.
I would say hold but if you cant afford to loose what you have if something crashes the market then sell enough and hold what you need to live in fiat, then hold some savings in BTC.

Exactly.  We don't know how many you have and what you could do with it.  But you have to consider opportunity cost.  Lets say you sell off what you would earn in a year.  You can enjoy a year off working and do what ever you want.

You probably only have 80years in you, 1/80 free roll is worth how much?

If you jam it in a mortgage, and reduce the loan by a few years, then again, you don't have to work those few extra years.

If you will just use the year off to watch shitty day time TV then hold.  If you have something else to do then maybe invest in yourself?

/My thoughts.

[newIndia]

obviously, those who had coins when they were at $1100 should have sold. unfortunately, i was sitting on so many i could not liquidate them all cause i had no clue how to handle all the money. when coins dropped to $600 i figured i will sell a little here and there when i need play money. when the price dropped to $400 i said i will hold cause i had faith in BTC. now the price is in the $200 range and i'm debating if i should get out or stay in. there a few things on my mind that make me wonder if the golden days of BTC is over.

the end of two silk roads, which was a major lightning rod for BTC.

big companies taking over the mining game and squeezing out the little guy through difficulty.

the cost and power requirements needed for current gen hardware.

how quickly hardware becomes outdated and is no longer profitable.

Neither hold, nor dump... U should just pump

[doof]

honestly, i don't want to sell. but the rational side of me if making me think about it.

a few weeks ago my buddy told me to go gambling with him. i got on a quarter slot machine and was on a hot streak. got myself up to $92. when i hit $90 i said i was going to cash out at $100. $100 never came. as my winnings dwindled i said i'm going to keep going and didn't really concern myself with losing it. in the end i lost it all cause i wanted a few more bucks. this can be disastrous with my BTC and i could lose a small fortune.

hahaha, oh I have heard that story so many times.  Theres a good youtube video of Gus Hansen doing the exact same thing.

[1Referee]

I am happily buying more coins at current level.  

Great new year present. If you haven't bought already, this is the time.

[GGGGG]

This pattern will keep repeating itself we are in the middle of peaks at this very moment and after time again to new heights. No reason why this would not happen again network keeps growing on and on.

dillusional.jpeg





We're not even close to the bottom yet. This is basic economics 101.

The bubble has burst last year, don't create illusions. This pattern will surely repeat itself, but in a another reckless scheme.

[altcoin hitler]

dump while it still lasts.
Alternatively invest in alts which would survive the imminent downfall of btc instead of dumping to these shit fiat-prices.
There's some nice alts for hedge.

Also doesn't hurt to be in fiat partly - buying back in is the click of a button.

[Mr Crabs]

Too late to ask, if you wanted to sell you should've sold earlier. At present the chance of it going significantly lower is small.

You've made your choice earlier to hold, stick with it.

Seems silly to me selling now at this price especially if you've got this far. Personally I think bitcoin is only just getting started but it's going to be a turbulent time in the beginning which I still believe it is. If you believe in the technology and its possibilities keep holding, if not maybe you should get out when you next can, but I'd hold for at least a little while longer.

[Eamorr]

Definitely dump.

There's a correction going on.

Right now is a period of great change - will give the institutional investors something to think about tomorrow (Monday).

If you can ride the wave down, you're on to a winner.

I'm 100% in US dollars at the moment. I'll get back in once the price is right.