Underwhat circumstances would you sell off all your BTC?

[finkleshnorts]

     I have been asking myself this.

     I really don't plan to sell mine unless a mad frenzy occurs again, and only if I were to be certain the market would relax again. I could also envision myself selling my coins were I to fall into a tough financial situation. Other than that, my BTC are here to stay. Even taking into account the price volatility, I still consider bitcoin to be a better and more convenient "store of value" than just about anything else.

     What about you? We are all in in this for different reasons. What would cause you to sell your coins?

     I don't consider myself a crackpot. Austrian economics bother me; blow-hard libertarianism bothers me even more. I realize that the bitcoin "community" is ridiculed from time to time for being so viciously loyal to its namesake currency and its dream of global economic upheaval. Generally, I am cautious to associate myself with anything that emits a crackpot-esque vibe. Still, even after the ridiculous amount time I have spent on this forum, I have yet to discover any reason why bitcoin could necessarily not be the currency of our grandchildren. So thus far, I'm sold. And I'm here for the long haul.

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[Stephen Gornick]

    I have been asking myself this.

When trading against volatility, I sometimes sell everything a few times a day.


Several times, I've been without any coins waiting for the price to come back down.  And waiting.   and waiting ...     before eventually giving in and buying back at a price higher than where I sold at.

[John (John K.)]

    I have been asking myself this.

When trading against volatility, I sometimes sell everything a few times a day.


Several times, I've been without any coins waiting for the price to come back down.  And waiting.   and waiting ...     before eventually giving in and buying back at a price higher than where I sold at.

[finkleshnorts]

    I have been asking myself this.

When trading against volatility, I sometimes sell everything a few times a day.


Several times, I've been without any coins waiting for the price to come back down.  And waiting.   and waiting ...     before eventually giving in and buying back at a price higher than where I sold at.

Day trading is so tempting to me. But I just can't bring myself to do it.

[finkleshnorts]

John the dong, beautiful sig. I wish I were assigned a personalized slogan.

[John (John K.)]

John the dong, beautiful sig. I wish I was assigned a personalized slogan.

Tell Coinabul that. 

     I have been asking myself this.

When trading against volatility, I sometimes sell everything a few times a day.


Several times, I've been without any coins waiting for the price to come back down.  And waiting.   and waiting ...     before eventually giving in and buying back at a price higher than where I sold at.

Day trading is so tempting to me. But I just can't bring myself to do it.

After the fees, I sometimes end up far worse then I started. 

[mccorvic]

I'd sell of all my bitcoins in the event that the price spikes to something crazy in one day like the $30 spike, only to buy them back later.  Anytime I try to do any day trading I lose out though.

    I don't consider myself a crackpot. Austrian economics bother me; blow-hard libertarianism bothers me even more. I realize that the bitcoin "community" is ridiculed from time to time for being so viciously loyal to its namesake currency and its dream of global economic upheaval. Generally, I am cautious to associate myself with anything that emits a crackpot-esque vibe. Still, even after the ridiculous amount time I have spent on this forum, I have yet to discover any reason why bitcoin could necessarily not be the currency of our grandchildren. So thus far, I'm sold. And I'm here for the long haul.

I agree with the "crackpot-esque" bit.  I don't buy into any of the hype that BTC will replace USD, or that USD will collapse anytime soon. I DO believe that bitcoin fills a gap in the Internet and has a ton of potential.  I don't see any reason why BTC cannot exist side-by-side with USD for the next 100 years and I'm very excited about the possibilities for BTC.

[finkleshnorts]

I'd sell of all my bitcoins in the event that the price spikes to something crazy in one day like the $30 spike, only to buy them back later.  Anytime I try to do any day trading I lose out though.

    I don't consider myself a crackpot. Austrian economics bother me; blow-hard libertarianism bothers me even more. I realize that the bitcoin "community" is ridiculed from time to time for being so viciously loyal to its namesake currency and its dream of global economic upheaval. Generally, I am cautious to associate myself with anything that emits a crackpot-esque vibe. Still, even after the ridiculous amount time I have spent on this forum, I have yet to discover any reason why bitcoin could necessarily not be the currency of our grandchildren. So thus far, I'm sold. And I'm here for the long haul.

I agree with the "crackpot-esque" bit.  I don't buy into any of the hype that BTC will replace USD, or that USD will collapse anytime soon. I DO believe that bitcoin fills a gap in the Internet and has a ton of potential.  I don't see any reason why BTC cannot exist side-by-side with USD for the next 100 years and I'm very excited about the possibilities for BTC.

I totally agree. At this point, bitcoin seems to be the solution for great micropayment conundrum. However, this may change in the future, as miners begin to depend more and more on transaction fees.

[nimda]

I would never sell everything, but I might sell half if:
-Pirate defaults
-A miner gets 50% of the total hashrate
-Extremely bad major news coverage (CNN claims "Bitcoin is a Ponzi Scheme")

[cbeast]

If a beautiful woman asked me to.
If I was threatened at gunpoint.
If such an action would save the world from obliteration.
Nope, can't think of a good reason.

[unclemantis]

I suck at trading. Every time I trade I loose so no more trading for me. I just buy at market price what ever the price is. The value of BTC is going to go up up up over the long hall so I just need to suck it in, cause I just suck!

[knight22]

I'm stacking BTC for my retirement 

[RandomQ]

Non Public information that would have an effect on BTC Price.
SR Shutdown,SHA-256 Weakness,etc

[finkleshnorts]

Non Public information that would have an effect on BTC Price.
SR Shutdown,SHA-256 Weakness,etc

Ah, great point. I'd have to agree.

[MadSweeney]

I sold all my btc just last month. I've gotten hold of a few bitcoins since then, but I will probably sell all of them again if someone's willing to buy them all at a price greater than I bought them.

Before, I made money by holding on to the coins. Now I'm trying to see what happens if I keep moving them.

[majamalu]

Austrian economics bother me

Then reality is what bothers you. I bet you will end up selling all your bitcoins for the wrong reasons. 

[FreeMoney]

I would never sell everything, but I might sell half if:
-Pirate defaults
-A miner gets 50% of the total hashrate
-Extremely bad major news coverage (CNN claims "Bitcoin is a Ponzi Scheme")

Really? Sell on pirate default? It seems to me that a pirate default reveals there to be fewer coins that previously though and should push the price up. Maybe moreso if he first struggles to buy the coins he owes.

I'd be pretty damned concerned if BFL or similar said "actually, we're going to keep these and mine" and then the difficulty trippled. Or if double spends past 1 confirm became common. I'd probably have to sell a good chunk.

CNN claims "Bitcoin is a Ponzi Scheme" doesn't scare me at all. Other media will love to ridicule them and demonstrate the differences. Plus so few people who are holding coin will believe. And even if only a small percent of non-holders figure it out and become holders that will be a huge number compared to current holders. If I had free cash I might buy on a story like that. Not to mention that a story like that doesn't come out of the blue and probably indicates increase top-level concern about bitcoin proliferation.

[FreeMoney]

I'd sell of all my bitcoins in the event that the price spikes to something crazy in one day like the $30 spike, only to buy them back later.

This.
If the price multipled many times over in a short period of time I would probably sell all of my coins.

The first time that happened I didn't sell (Yay me!)

The second time that happened I didn't sell (Yay me!)

The third time that happened I didn't sell (Boo!)

[theymos]

Never. Even if I knew the entire system was about to fail, I'd still keep 1 BTC.

[smoothie]

Never. Even if I knew the entire system was about to fail, I'd still keep 1 BTC.

Let me guess because it keeps you warm at night?