• Register
  • TOS
  • Privacy
  • @NeoGAF
  • Like

RoadHazard
Member
(10-12-2017, 08:45 PM)
RoadHazard's Avatar
I'd sell, but I'm one of those safe and boring index fund guys.
glimmerman
Member
(10-12-2017, 08:48 PM)
ITT we learn that lots of people would have bought and kept tulips in 1634.

OP: sell at least half. Bank some before the inevitable happens.
ronco2000
Member
(10-12-2017, 08:50 PM)
ronco2000's Avatar
I'll trade you for a box of marbles.
shira
Member
(10-12-2017, 08:58 PM)
shira's Avatar
I had a modest amount of bitcoin from selling dota 2 items way before the $1000 range and my wallet would get unverified hits weekly.

The one issue with btc is that if someone has your code you are fucked. There is nothing you can do about it. It's not like Paypal.

I'm not sure how your government considers bitcoin or what the repercussions are but if you have a high amount and convert that into cash later there might be questions raised if it's like $100k USD in the future

If you want something buy it.
deepsleep
Junior Member
(10-12-2017, 09:01 PM)
deepsleep's Avatar
Sell 6, keep 3.
Jibbed
Member
(10-12-2017, 09:22 PM)
Jibbed's Avatar

Originally Posted by deepsleep

Sell 6, keep 3.

This!
True Fire
Member
(10-12-2017, 09:34 PM)
True Fire's Avatar
Don't sell yet. It'll crash again in a month or so, but it'll hit 10 grand at some point in the new year.

10 grand is where things get shaky. Will it hit 25 grand? 100 grand? Does it have the stability for an exponential leap, or will the bubble burst?
Cipherr
Member
(10-12-2017, 09:46 PM)
Cipherr's Avatar

Originally Posted by DietRob

Yes, if it does go up anymore it will be marginal IMO.

Sell now while the price is so insanely high.

Said everyone at $100, then $300, then $500 then 1k, then really loudly at $1500, and 2k, and especially 3k, and 4k earlier this year and now its $5349 as I type this.

If you have weak hands, sell enough to cash out 4x your investment, then let the rest sit, or reproportion your Bitcoin into some of the other coins (for those who dont know there's an entire marketplace of hundreds of 'coins' representing hundreds of companies/products like a NYSE trading everyday 24/7. Bitcoin is not the only Crypto the same way Apple isn't the only Stock.) https://coinmarketcap.com/
The Futurist
Member
(10-12-2017, 09:51 PM)
The Futurist's Avatar
Cash out your initial investment.

Let the rest ride forever.

That way you will have lost nothing since you're just playing with gains.

Nothing ventured. Nothing gained.
Blam
Member
(10-12-2017, 09:57 PM)
Blam's Avatar
Don't sell it.

People say invest in something less volitile then Bitcoin. lol everything follows bitcoins.

Wait it'll tank to 4.5K and go right up to 8K. Mark my words either Dec 2017 it'll it 7K or in March 2018 it'll hit 10K.

Originally Posted by True Fire

Don't sell yet. It'll crash again in a month or so, but it'll hit 10 grand at some point in the new year.

10 grand is where things get shaky. Will it hit 25 grand? 100 grand? Does it have the stability for an exponential leap, or will the bubble burst?

What Bubble? The 1st? 2nd? 3rd? It's tanked 3-4 times now the last one being at 3.6K and now it's at 5.3K so please don't make it seem like this is the only bubble.

Remember when people said gold wouldn't hit 1K?
Curious Puppy
Junior Member
(10-12-2017, 10:00 PM)
Curious Puppy's Avatar

Originally Posted by prophetvx

A single bitcoin could be worth $500,000 within 10 years, or it could be worth $0.

The market is so volatile, ultimately whatever you do is a gamble. Personally, I'd sell half and diversify. The current growth is unsustainable, there will be a significant dip at some point in the next 3-6 months, so you can buy back in.

Exactly.

No one has any idea what will happen. If you need the money, sell, if you don't and can lose your profits, don't.
Datwheezy
Member
(10-12-2017, 10:04 PM)
Datwheezy's Avatar
I would sell like 75% of them, and then just let it ride on the rest.
Steeped in a Sea of Games
Member
(10-12-2017, 10:10 PM)
Steeped in a Sea of Games's Avatar
Echoing the sell some, keep some. At least recoup your initial investment plus some so that no matter what happens you come out ahead.
friskykillface
Member
(10-12-2017, 10:12 PM)
friskykillface's Avatar
Sell a few but not all
CadetMahoney
Member
(10-12-2017, 10:12 PM)
CadetMahoney's Avatar
Man I want some moneyz. I need gsync hdr screen.

Originally Posted by NESpowerhouse

OP already knows the answer to the question. He just wanted to brag about having 9 bitcoins.

.
Hulohot
Junior Member
(10-12-2017, 11:39 PM)
Hulohot's Avatar
Nice one! I would sell half and keep half.

I have 226 Ripple!

Ripple!
Jzero
Member
(10-12-2017, 11:42 PM)
Jzero's Avatar
I would sell at least one and use that money to buy the smaller crypocurrencies. You can make a fuckton of money with all that you have

https://coinmarketcap.com/
Afrodium
Member
(10-12-2017, 11:45 PM)
Afrodium's Avatar
It's surging now and it seems $10k is the next big milestone people are expecting. I'd hold on until then and then immediately sell as there will likely be a large well-off similar to when it hit $5k. You can then buy again once it's cheaper and ride it until the next milestone or just choose $10k as your time to bail.

Originally Posted by Blam

What Bubble? The 1st? 2nd? 3rd? It's tanked 3-4 times now the last one being at 3.6K and now it's at 5.3K so please don't make it seem like this is the only bubble.

Remember when people said gold wouldn't hit 1K?

When the bubble actually bursts you'll know. I don't think it's gonna happen in the immediate future though so HODL
Last edited by Afrodium; 10-12-2017 at 11:47 PM.
alternade
Member
(10-12-2017, 11:47 PM)
How do you even get a Bitcoin?
1.21Gigawatts
Member
(10-12-2017, 11:48 PM)
1.21Gigawatts's Avatar
Rephrase the question.

If you had 36k now, would you invest it in bitcoin?

If not, then sell.
ZanDatsu
Member
(10-12-2017, 11:54 PM)
ZanDatsu's Avatar

Originally Posted by alternade

How do you even get a Bitcoin?

Coinbase is probably the easiest option for someone new.
Martinski43
Member
(10-12-2017, 11:57 PM)
Martinski43's Avatar
Nah don't sell em. Give em to me to invest in gambling.
segasonic
Member
(10-13-2017, 12:02 AM)

Originally Posted by LyleLanley

Never sell, it can always go higher.

HowĎs your Blockbuster stock doing?
Regiruler
Member
(10-13-2017, 12:05 AM)
Regiruler's Avatar

Originally Posted by Conor_Fool

A general rule of thumb is to not talk about the exact number of bitcoins or other currency you have when on a forum like this. You dun goofed OP

OP probably has 13 or something instead.
Octavia
Member
(10-13-2017, 12:15 AM)
Octavia's Avatar
How do you even sell them? Is there a company somewhere that would hand you 45k in raw cash?
Boss X
Member
(10-13-2017, 12:20 AM)
Boss X's Avatar
Bitcoin bursts through $5,000 for first time

There's your answer.
Replicant
There's a duck in the room
There's a duck i-OWWWW
(10-13-2017, 12:21 AM)
Replicant's Avatar
Sell some, keep the rest just in case the price is climbing. Then when you feel it won't go up anymore, sell the rest.
ZanDatsu
Member
(10-13-2017, 12:21 AM)
ZanDatsu's Avatar

Originally Posted by Octavia

How do you even sell them? Is there a company somewhere that would hand you 45k in raw cash?

Coinbase/GDAX/Kraken. Takes a day to transfer it to bank. If you mean physical cash, you can go through LocalBitcoins and find a buyer near you.
Lev
Member
(10-13-2017, 12:21 AM)
Lev's Avatar
How did you get that many bitcoins, OP? You grinded out bitcoins for a decade?
Meme Master Flux
Junior Member
(10-13-2017, 12:22 AM)
Meme Master Flux's Avatar

Originally Posted by Lev

How did you get that many bitcoins, OP?

Bitcoins used to be much cheaper just a year or two ago, like 300-600 bucks each iirc.
TestedTurok
Banned
(10-13-2017, 12:22 AM)
Walk into Pawnstars with your bitcoins like
before you're hacked and lose everything.
Persona7
Member
(10-13-2017, 12:23 AM)
Where is that guy who spent hundreds of bitcoins on a pizza.
ZanDatsu
Member
(10-13-2017, 12:25 AM)
ZanDatsu's Avatar

Originally Posted by Persona7

Where is that guy who spent hundreds of bitcoins on a pizza.

He spent 10000 Bitcoin to buy 2 pizzas in 2010. Today that would be worth over 53 million dollars.
Jindrael
Member
(10-13-2017, 12:50 AM)
Jindrael's Avatar

Originally Posted by ZanDatsu

He spent 10000 Bitcoin to buy 2 pizzas in 2010. Today that would be worth over 53 million dollars.

I think this would legit break me
Baki
Member
(10-13-2017, 12:52 AM)

Originally Posted by Clay Davis

Hi GAF, how's everyone doing today?

I'm sure there are a few cryptocurrency followers here and I was hoping to gauge opinions and get some feedback on if now is a good time to sell my bitcoins?

The price is a staggering £4000 per bticoin, which would mean a significant profit if I were to sell now. I've had them in my Ledger for a while now and today seems a good day to sell, but there's potential for the price to ho higher.

So should I sell now or continue to hold onto them? I know the price is very erratic and could drop £100s of pounds in just a few hours.

I still think we're at the ground level with regards to the value of Bitcoin. That's just my opinion.
Pesmerga00
Junior Member
(10-13-2017, 01:05 AM)
Pesmerga00's Avatar

Originally Posted by Jindrael

I think this would legit break me

Yeah.....The amount of regret would just be too much.
CrunchyB
Member
(10-13-2017, 01:10 AM)
CrunchyB's Avatar
Do you need the cash? Now or in the near future? Do you think bitcoin is a valuable technology or is it just some asset that could make you rich? Some people say a person's worth will be measured in bitcoin in the near future, not in fiat currency which is easily manipulated by corrupt governments, yadda-yadda. It's probably important to at least form an opinion about this stuff.

In any case, Bitcoin is on a rally right now. But it can crash pretty hard without warning, a 20% dip is virtually guaranteed. But the price may rise another 20% before that....

All I know for sure is that nobody can accurately predict the highs and lows. If you're feeling uneasy, I'd suggest selling a few. If the price rises, you may feel some regret, but also some relief that you didn't sell them all. Then decide if you're in for the long haul.
poppedcollar69
Member
(10-13-2017, 01:10 AM)
poppedcollar69's Avatar

Originally Posted by Switch Back 9

That's like $75,000.

I would literally kill someone for that kind of money.

low-G
Member
(10-13-2017, 01:12 AM)
low-G's Avatar

Originally Posted by Marcellus Wallace

What's the lowest bit coin sold for?

The creator and his friends gave themselves hundreds of thousands for free.

Iíd sell. Itís a worthless asset propelled solely by peoplesí idiocy and fickleness. Idiocy wonít run out, but a butterfly could destroy it overnight.

Bitcoin could very well hit 10,000, but it will hit 0 some day, too.
Last edited by low-G; 10-13-2017 at 01:16 AM.
Log4Girlz
(10-13-2017, 01:12 AM)
Log4Girlz's Avatar
I'd wait for the bubble to pop honestly
criesofthepast
Overdue ROH inductees:
Pavel Bure
Sergio Momesso
Kirk MacLean's wife
(10-13-2017, 01:15 AM)
criesofthepast's Avatar

Originally Posted by The Futurist

Cash out your initial investment.

Let the rest ride forever.

That way you will have lost nothing since you're just playing with gains.

Nothing ventured. Nothing gained.

The whole "playing with house money" thing is absolutely a bad way to think about it. You absolutely are losing. It is your money. You can walk away with $45,000 or risk it and lose it all.

Do not sell the Bitcoin unless you really need the money, OP. It will hit $10k.

Originally Posted by low-G

The creator and his friends gave themselves hundreds of thousands for free.

Iíd sell. Itís a worthless asset propelled solely by peoplesí idiocy and fickleness. Idiocy wonít run out, but a butterfly could destroy it overnight.

You have no idea what you are talking about. No such thing happened with the bitcoin creator.
low-G
Member
(10-13-2017, 01:19 AM)
low-G's Avatar

Originally Posted by criesofthepast

you have no idea what you are talking about. No such thing happened with the bitcoin creator.

I donít know what to say, because itís exactly what happened... those bitcoins arenít tied to a name directly... Satoshi Nakamoto has over 1 million bitcoins himself (across thousands of wallets). Thatís 5% of the entire currency.

You have no idea what you are talking about. Most bitcoins appear to belong to a handful of owners, most of them acquaintances of the creator.

Not talking about individual wallets, individual humans (not organizations). Also Ďfreeí as in trivial initial minings.
Last edited by low-G; 10-13-2017 at 01:55 AM.
AuthenticM
Member
(10-13-2017, 01:21 AM)
AuthenticM's Avatar
keep at least one in case the price gets crazy in some years
Zen Aku
Member
(10-13-2017, 01:22 AM)

Originally Posted by Switch Back 9

That's like $75,000.

I would literally kill someone for that kind of money.

Days later Switch Back was arrested for killing OP for his bitcoins.
Divus
Member
(10-13-2017, 01:48 AM)
Divus's Avatar
I had five Bitcoins on an old hard drive that I used for target practice. Bought them when it was only about a dollar per bitcoin years ago when I thought the idea was cool and wanted to support it. Little did I know that that would be some serious money today.

Now I have a relatively small amount of Bitcoin along with a few others like Etherum, Litecoin, Vertcoin, and ARK.

Personally if I was OP I would wait. 6k will be here really soon and likely wonít drop until after the 26th. Wouldnít surprise me if it hits 8k before a major dip happens. Then again why would you trust the guy who literally blew away over $25k on financial advise.
firstadopter
Junior Member
(10-13-2017, 02:04 AM)

Originally Posted by Divus

I had five Bitcoins on an old hard drive that I used for target practice. Bought them when it was only about a dollar per bitcoin years ago when I thought the idea was cool and wanted to support it. Little did I know that that would be some serious money today.

Now I have a relatively small amount of Bitcoin along with a few others like Etherum, Litecoin, Vertcoin, and ARK.

Personally if I was OP I would wait. 6k will be here really soon and likely wonít drop until after the 26th. Wouldnít surprise me if it hits 8k before a major dip happens. Then again why would you trust the guy who literally blew away over $25k on financial advise.

What do you guys use to buy/sell these cryptocurrencies?

For example, say you mined these 5 bitcoins years ago with graphics cards, how would you change the 5 bitcoins to cash?

As if you wanted to buy Ethereum today with cash how would you do it?

Curious what you all are using.
Divus
Member
(10-13-2017, 02:11 AM)
Divus's Avatar

Originally Posted by firstadopter

What do you guys use to buy/sell these cryptocurrencies?

For example, say you mined these 5 bitcoins years ago with graphics cards, how would you change the 5 bitcoins to cash?

As if you wanted to buy Ethereum today with cash how would you do it?

Curious what you all are using.

Depends on where you reside but easiest way to buy would probably be Coinbase. It lets you buy BTC, ETH, and LTC with cash (known as FIAT). You have to either give them your banking information like PayPal does or possibly use a debit or credit card to buy. You can also transfer coins to a wallet on Coinbase and then send that money to your bank or a PayPal account I think

If you want other alternate coins (altcoin) you have to transfer one of those to a exchange like Bittrex were you can trade BTC for others.

Oh and seriously donít take what I said about the price and think thatís absolutely going to happen. If I knew the future Iíd be rich. So never spend what you canít afford to possibly lose.
Last edited by Divus; 10-13-2017 at 02:14 AM.
Kurt Angle
Member
(10-13-2017, 02:12 AM)
bro sell it and put it in a blue chip dividend paying stock and youíre set


or boats and hoes works too
criesofthepast
Overdue ROH inductees:
Pavel Bure
Sergio Momesso
Kirk MacLean's wife
(10-13-2017, 02:26 AM)
criesofthepast's Avatar

Originally Posted by low-G

I donít know what to say, because itís exactly what happened... those bitcoins arenít tied to a name directly... Satoshi Nakamoto has over 1 million bitcoins himself (across thousands of wallets). Thatís 5% of the entire currency.

You have no idea what you are talking about. Most bitcoins appear to belong to a handful of owners, most of them acquaintances of the creator.

Not talking about individual wallets, individual humans (not organizations). Also Ďfreeí as in trivial initial minings.

Being an early adopter and mining is different than pre-mining before public release and hoarding coins before the public has a go at it. Pre-mining never happened with bitcoin and yes it happens with a lot of scam coins nowadays.

Yes, there are untouched wallets with a million coins that are believed to be Satoshi's but he mined them when only a handful of people were paying Bitcoin any attention in the early days.

I know we can never be sure but safe to say by now those coins are lost. The guy is dead, passwords lost, or he has the biggest balls in history not to have touched the coins since their creation. I am going with he is most likely dead.

I know there are whales who own a ton of Bitcoin and control the market. But them being friends of the creator is a new one to me. I don't know where you got that from.
Cipherr
Member
(10-13-2017, 02:26 AM)
Cipherr's Avatar

Originally Posted by Octavia

How do you even sell them? Is there a company somewhere that would hand you 45k in raw cash?

Several. In all forms of currency. USD, Yen, Pound, whatever you want. ACH or SEPA (or whatever your national equivalent) right to your bank account. Or Wire transfer if you wanted the money immediately.

That was one of the misconceptions that kept me out of Crypto for so long. I thought it was difficult to "Cash out" your profits. I had no idea it was as easy as buying shit on Amazon or something. Click click click, account credited in USD.

Wish I had known sooner.

Originally Posted by low-G

The creator and his friends gave themselves hundreds of thousands for free.

I’d sell. It’s a worthless asset propelled solely by peoples’ idiocy and fickleness. Idiocy won’t run out, but a butterfly could destroy it overnight.

What the hell.... so this is why the barrier of entry into Crypto is so low that you can make these crazy gains as a layman (like myself). If this (all false btw) is what the average person thinks of crypto in general, it explains why getting in and getting profit is so easy at this point. None of the people likely smart and capable enough to go vacuuming up all the low hanging fruit pay it any mind because they believe a bunch of boogeyman wives tale bullshit they heard somewhere on the internet,

damn.
Last edited by Cipherr; 10-13-2017 at 02:30 AM.

Thread Tools