When will you sell your Bitcoin?

Discussion in 'Digital Currencies' started by hawkeye1, Feb 18, 2021.

  1. hawkeye1

    hawkeye1 Active Member

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    Well, all I can say to that is that I took profits in 2014. And regretted it for a long time.

    The thing to do, in my opinion, is learn about Bitcoin. There are tons of resources out there from books, articles, videos, podcasts, etc. Once you get proper perspective, the smart move is Hold On for Dear Life. Maybe sell a little bit as it goes up if you want, but always have a core position. Same thing as the people who held onto their Apple, Google, Amazon shares etc... The ones who took profits early are the ones who are crying now.
     
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  2. hawkeye1

    hawkeye1 Active Member

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    Think of it as a speculative attack on Fiat Money. Then you might feel better.
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Let's attack fiat with something much worse, and move even further away from sound money and economics.
     
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  4. OZZIE_STACKER

    OZZIE_STACKER Member

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    I cashed in about 25% of my portfolio this week but I will never sell all of my Bitcoin.

    If bitcoin goes to some stupid price in the future I don't want to be one of those people that looks back and thinks if only I had just kept a tenth or a quarter of a Bitcoin...
     
    Last edited: Feb 19, 2021
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  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I'm waiting to drop another $1000 on litecoin if theres a nice pullback. I'll wait for now and be happy later.
     
  7. Goldmiester

    Goldmiester Active Member

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    Mentioned this on another thread and pasting it here so people are aware. Look in to MDX (Mandala Exchange Token). It's the first private exchange on the Binance Cloud platform. It has the same order books as Binance, but offers a wider variety of coins and has cheaper exchange fees. I was lucky enough to get in at ICO and am holding long term.
     
  8. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    BTC is sound money.

    Not sure what your economics reference is about.
     
  9. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    And even more, it’s an attack on the monopolisation of power. It’s anarchistic.
     
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It is as sound as the bottom of the Titanic after kissing an iceberg.
     
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  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If you can't see how Bitcoin facilitates further concentration of power by elites then you're not as smart as I thought you were.
     
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  12. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Explain how BTC further facilitates the concentration of power by the elites.
     
  13. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    You haven't justified your position, you've simply made an analogy. And you still haven't addressed the point about economics.
     
  14. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    I can see why @mmm....shiney! gravitates to it as a professed libertarian.
    They want to eliminate coercion of any kind.
    So it makes sense that libertarians would gravitate to a technology that undermines nation-states’ ability to mandate which money we all use with each other.
    In the great game of the world economy, the final boss victory for crypto would be to rob nation-states of the ability to issue legitimate money – at least, that would be the libertarian win condition.
     
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  15. Jason1

    Jason1 Well-Known Member

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    call it for what it is, a betting system being marketed as a monetary system.
    People can make money on it for sure.
    But it is not sound money by any means, and your right if fiat was replaced globally by this today, The bitcoin whales would control the world.
    The general population would be so poor it would be beyond a joke.

    blockchain is useful for sure, but bitcoin as a world currency, that would be hopeless.
    a betting system is hopefully where it stays, and its great people can make money from bitcoin.
    Then you have the problem of, The fees involved in crypto makes bank fees look amazing, transferring that shit is expensive.

    you can literally have a few whale dictate the value of bitcoin, they can crash it in seconds if they wanted too, and they have a number of times with their big dumps. And imagine tryi g to run a business trading in bitcoin for milk and bread with that hanging over your head. Not knowing if that bottle of milk being sold today will have the same value by the end of the day, as the volatility in coin value is so stupid.

    None of it makes any sense as real world application, Again blockchain has potential, but if a its used correctly and say the world got together to adopt a world blockchain crypto. it would make bitcoin redundant.
     
    Last edited: Feb 20, 2021
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  16. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    ^ Typical no-coiner still stuck with the outdated idea that BTC is a currency.

    It's an asset mate. No dedicated coiner is expecting it, nor desiring it to be a fiat currency replacement. There are plenty of other cryptos out there that would do a better job.
     
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  17. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    You can move thousands at zero fees or even as low as 30 cents in seconds, BEP20, TX, BSC networks.
    Compared to that bank tx's eat the hairy beanbag
    I don't know where you are getting your info from but its outdated/wrong.
     
  18. Jason1

    Jason1 Well-Known Member

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    try moving bitcoin from one exchange to another, the fees are insane and they are increasing the reliance on needing them. Or moving bitcoin from a wallet to an exchange, they arent zero fees, they take their percentage.
    They are greedier than banks, and they would be the new bank if bitcoin was the world currency.
    The bitcoin space is not a sound monetary system as 66rounds rightly says.
    The whole thing is a fairy tale like socialism,the idea at first glance might sound great and harmonious, and its a lovely dream to some but the reality is its a nightmare.

    im not against bitcoin existing and being traded by people. But the idea its a sound monetary system is lunacy
     
    Last edited: Feb 20, 2021
  19. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    ^ mate, you are right and wrong, but mostly wrong.
    I can pull as much btc as I want say from Nexo and put on another exchange or wallet for exactly ZERO fees AND I can do it multiple times per month.
    Those networks I mentioned destroy exactly what you are saying is wrong, they move crypto at minimal fees 0-30 cents- its obvious you just don't get it.
    As for crypto not being a sound monetary system, its an investment vehicle for most people not a monetary system...yet. In so saying I've had transactions with it rather than fiat and its never failed yet for me so its sound for my purposes.
    What monetary system do you feel is sound seeing most collapse after a few hundred years at most?
    BTC wont be a monetary system BUT there are different/better crypto's to fill that role.

    Your reality and mine greatly differ clearly if your reality is "nightmarish".

    I don't mind people being against crypto as long as they are informed. Your posts don't suggest that you are up to date on the crypto space sorry.
     
    Last edited: Feb 20, 2021
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  20. precious roar

    precious roar Active Member

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    I'd consider selling some BTC if I could access my acx account. Grrrr, not happy.
     

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