Hierophant
Banned
kinda wish i got into bitcoin in its infancy
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I have 9 Bitcoins, should I sell?
- Thread starter Clay Davis
- Start date
itwasTuesday
He wasn't alone.
Buy more.
I'd sell. China has completely outlawed it and the rising potential of other governments stepping in and regulating and therefore causing crashes are increasing over time, not to mention the possibility of a different, more modern crypto currency eating bc's lunch. Then again that random spoke to 5k happened so who knows
Clay Davis
Member
Prices I paid ranged from £1960 to £2300 per bitcoin.
I made a stupid mistake not buying more during the last big dip, but I thought there was room for it to fall lower but then it kept rising with occasional dips but none below £2000.
Lilalaunebaer
Member
Like a couple of minutes at market rate.
If you´re willing to lose let´s say 200 bucks or so instantly.
Yikes, I didn't realize hit man fees were so low these days. Killing people isn't ok. :/
To the OP, sell. You can always reinvest a quarter of it if it crashes later.
Kid Kamikaze10
Member
ClosingADoor
Member
I'd sell a bit and set a stop loss on the others to lock in profit. Increase the stop loss with the rising prices.
I can remember very clearly thinking I should just throw $100 at bitcoin when it was in its infancy just to see.
I wouldn't be worried about my kid's school bills right now, that's for sure :/.
gaming_noob
Member
Don't sell. Wait another year.
Clay Davis
Member
I'm going to transfer 3 to my Coinbase account and see what the sell price is after the confirmations are completed.
Does anyone know if Ethereum is a good investment?
Does anyone know if Ethereum is a good investment?
I am pretty sure the correct response is to hodl.
Uh, 9 * $5,000 is $45,000. I'm guessing you must not realize what the current exchange rate between GBP and USD is
I really don't know, I am pretty sure the major determining factor of any CryptoCurrency is still how many black markets accept it. I put my money on LiteCoin, but its pretty risky.
Uh, 9 * $5,000 is $45,000. I'm guessing you must not realize what the current exchange rate between GBP and USD is
I really don't know, I am pretty sure the major determining factor of any CryptoCurrency is still how many black markets accept it. I put my money on LiteCoin, but its pretty risky.
Earthbound64
Banned
Same. But at that point my ex-wife had too much control over finances, so I decided not to bother.
On one hand, half of it would have been gone in the divorce.
On the other hand, $$$$
djplaeskool
Member
If you don't have an immediate need for the money, hold.
yes
LucidMomentum
Member
I'd say sell.
I remember when you couldn't buy a Pizza with 50 bitcoins, let alone 9.
The fact that those 9 can now buy you a car is pretty cool, but who knows where it's gonna end up.
But then again, I'm risk averse so I have 0 BTC while you have 9, so you're doing something right.
I remember when you couldn't buy a Pizza with 50 bitcoins, let alone 9.
The fact that those 9 can now buy you a car is pretty cool, but who knows where it's gonna end up.
But then again, I'm risk averse so I have 0 BTC while you have 9, so you're doing something right.
Sgt. Kabukiman
Banned
Coincidentally, I am selling a mint copy of Spawn #1 for exactly 9 bitcoins.
It'll be worth millions in the future.
It'll be worth millions in the future.
Clay Davis
Member
What are your returns like, if you don't mind my asking?
I believe so, but there is an option to receive payment in Euros, which might allow for a tax loophole. I'm uncertain of this though.
I believe yes, but it depends on local law. If I recall correctly, in the US Cryptocurrency is considered a commodity for taxation purposes, so profits from selling Bitcoin would be considered Capital Gains. And you can't exactly deposit $45k into a bank account with the bank reporting the transaction.
I remember a couple of years ago there was a story about a tech journalist who bought like $25 worth at the beginning so he could understand them for a story he was writing. He then sold them for like $800k and bought an apartment. That was when they were worth like $2k each. He did really well, but I wonder if he's annoyed he didn't keep them.
Deadly Cyclone
Pride of Iowa State
I have loans and medical bills. Send me one. Thanks!
(Probably sell half keep half.)
(Probably sell half keep half.)
Skellig Gra
Member
Sell enough to double your initial investment. Then ride out the rest.
Exactly. It's too volatile and easily manipulated.
You'd be crazy to sell but that's just me. There is no reason at all to think that this will be as high as BTC gets.
Most crypto investors will tell you that the whole crypto industry is just starting out. It's still the beginning, so it's certainly not too late. You don't have to pay $5000 for 1 BTC in order to invest in crypto.
Most crypto investors will tell you that the whole crypto industry is just starting out. It's still the beginning, so it's certainly not too late. You don't have to pay $5000 for 1 BTC in order to invest in crypto.
jediyoshi
Member
The trend seems to be peak at a new high, dip down a bit slowly, then start rising up again toward a new high. You might be able to get them 20% cheaper in 2 weeks. I don't think I'd buy them right as they hit a new high like they are today but it's hard to say what exactly will happen.
BlackRainbowFT
Member
Sell at ATH and buy after market correction!
old manatee
Banned
Wait until the price is as high as it is going to go and then sell.
Some people say 1BTC could be worth $100k+ in a few years.
Reverend Funk
Comfy Penetration
If my math is correct thats like 200,000 bucks
Earthbound64
Banned
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Codiox
Member
Wow, Crazy. And how does it work when I want to sell them? Do I need to find a buyer?
Gai Murakumo
Member
I'll give you $1/bitcoin OP. In all seriousness if you are in need of money you could sell it now if you want. However if you are still good on money I would wait and see if you can get a better deal later on down the line.
m_shortpants
Member
Maybe sell a quarter or half, and reinvest your profits on the next dip.
I would just HODL.
I would just HODL.
DirgeExtinction
Member
Same. If only to have a few to sell at a later date.
