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ZanDatsu
Member
(10-12-2017, 06:36 PM)
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There was a point where I could have traded my Ethereum for 53 Bitcoin just some months ago. Really regret not going through with that, honestly never expected BTC to bounce back like it has, never mind outperform ETH after the dippening.

As for what I'd do, just sell enough to cover initial investment. Bitcoin doesn't look like it's slowing down just yet.
ahoyhoy
Member
(10-12-2017, 06:37 PM)
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Originally Posted by Hierophant

kinda wish i got into bitcoin in its infancy

I am only heartened by the fact that I would definitely have sold what I had gotten the first time they were worth like 50 bucks each.

No way I'd let them ride this high. Fucking crazy bubble.
hydragonwarrior
Member
(10-12-2017, 06:37 PM)
dude you can buy 2 and a half jugs of Szechuan sauce with that cash. DO IT.
OmegaTreeFish
Member
(10-12-2017, 06:38 PM)
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I would prob sell all but 2. The hold on to them and see what happens. Win win really.
cubicle47b
Member
(10-12-2017, 06:38 PM)
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The SegWit2x hard fork is in November. I'd wait.
mullet2000
Member
(10-12-2017, 06:39 PM)
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47186.73 USD...

Holy fuck
Earthbound64
Member
(10-12-2017, 06:39 PM)
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Originally Posted by ahoyhoy

I am only heartened by the fact that I would definitely have sold what I had gotten the first time they were worth like 50 bucks each.

No way I'd let them ride this high.

This is true.
And then I'd have even more regret looking at the price now.
UpDownLeftRight
Member
(10-12-2017, 06:44 PM)
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Even after all these years I still don't understand what a Bitcoin is, how it has any value, or how it's generated lol. I wish I'd tried harder to understand it but from what I could tell it seemed like some next level spyware shit at the time, especially since it was being pushed heavily by some questionable subreddits.

Like damn. If I'd have stuck to it and generated even 9 bit coins that's a life changing amount of money
commish
Jason Kidd murdered my dog in cold blood!
(10-12-2017, 06:45 PM)
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Originally Posted by Hierophant

kinda wish i got into bitcoin in its infancy

There are many other coins you could invest in right now for little money. None will top BTC most likely (although you never know), but there are plenty of others than have generated a great return. Feel free to hop on over to the GAF crypto thread:

http://www.neogaf.com/forum/showthread.php?t=1385814
CSJ
Member
(10-12-2017, 06:45 PM)
Personally I'd wait.
FullMetalx117
Member
(10-12-2017, 06:45 PM)
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47k is cool...but you know what're really cool? 470k

I wouldn't sell unless you really need the money right now or want to diversify. 47k is a lot of dough but what can you really buy with that besides a car? Wait and buy a house
mikeGFG
Member
(10-12-2017, 06:47 PM)
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Definitely hold.
Fury Sense
Member
(10-12-2017, 06:48 PM)
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definitely sell.

then rebuy when it goes down. it's at an all time high right now, $5,285.84 as of writing.

not to sell now would be to expect that the price will never go below this number while you're capable of buying
Ocarina_117
Member
(10-12-2017, 06:50 PM)
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Could someone explain bit coins to me?

Where's the best place to read up on this?
Orin GA
I wish I could hat you to death
(10-12-2017, 06:51 PM)
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Originally Posted by Switch Back 9

That's like $75,000.

I would literally kill someone for that kind of money.

PM me.
Soka
Member
(10-12-2017, 06:51 PM)
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Depends entirely on your financial situation and what you'd do with the money. Without knowing those details (which you probably shouldn't share online), it's going to be tough for anyone here to give you any advice that's worth considering.
| Praxis |
Member
(10-12-2017, 06:52 PM)
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Originally Posted by Hierophant

kinda wish i got into bitcoin in its infancy

So do i, but I know when the price hit £100 I would have sold them anyway.
DietRob
i've been begging for over 5 years.
(10-12-2017, 06:53 PM)
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Originally Posted by Switch Back 9

That's like $75,000.

I would literally kill someone for that kind of money.

Yeah, I think I might right now too!
Earthbound64
Member
(10-12-2017, 06:56 PM)
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Originally Posted by FullMetalx117

47k is a lot of dough but what can you really buy with that besides a car?

...
A whole bunch of stuff?
Brandson
Member
(10-12-2017, 07:01 PM)
It depends. Do you want to get out and stay out? Do you want to get out and get back in? Do you want to have the most money possible a year from now?

Bitcoin just went up a good amount today, so it will probably correct a little, then go up even more, then correct quite a lot more. Do you want to risk losing 30% of its value for a chance at another 10-20% gains in the short term? Then hold a bit more. If that is too risky for you, then sell now. If you want $10k Bitcoin, and don't care what happens in between, then keep holding and don't look at it for 6 months.
NintendoGal
Member
(10-12-2017, 07:04 PM)
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I would not sell right now because of all the news and scaremongering the big financial companies are doing to cause others to sell off. Means they can swoop in and buy on the cheap after.

I'm not a financial person though, just a hunch.
TheLostBigBoss
Member
(10-12-2017, 07:10 PM)
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Sell a quarter of it, keep the rest.

BTC can easily hit 10K in the near future
x3sphere
Member
(10-12-2017, 07:13 PM)
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I'd hold. I think Bitcoin, well the whole crypto market really, stands a good chance of going another 10-20x. Probably not during this run, but in a few years.
Xe4
Member
(10-12-2017, 07:17 PM)
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Sell at least some of them. If/when the market crashes, you'll get NOTHING. 45k is a pretty penny compatitively.
SamVimes
Member
(10-12-2017, 07:19 PM)
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Originally Posted by Clay Davis

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.

Or you could pay your taxes.
KillLaCam
Member
(10-12-2017, 07:33 PM)
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I'd sell over half of them. Then invest alot of that in something way less volatile. But don't sell them all, they might actually be worth more one day, and if they're not atleast you already would have sold most of them
SoRuffShoNuff
Member
(10-12-2017, 07:38 PM)
Keep in mind all these people telling you to sell would have also sold when it was 100 pound per coin.
Barrel Cannon
Member
(10-12-2017, 07:40 PM)
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Sell half and hedge urself with that cash position reinvest on a dip. If it crashes at least you didn't lose it all
Monkeyball
Member
(10-12-2017, 07:40 PM)
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Bit brag thread?
The Albatross
Member
(10-12-2017, 07:42 PM)
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Originally Posted by Jarrod38

How long does it really take to sell a Bitcoin let alone 9?

Couple seconds. You typically sell to a digital wallet maintained by the site that you used to purchase your currency.

To get the money into your actual bank account... eh, 3-5 days give or take. Depends on where you live and what method you're using. Some sites can do it faster than others.
Last edited by The Albatross; 10-12-2017 at 07:45 PM.
TechnicPuppet
Nothing! I said nothing!
(10-12-2017, 07:44 PM)
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HODL
N7 MRP Weasel
Junior Member
(10-12-2017, 07:45 PM)
Take about 10 grand out, buy some nice things, take leave and go on vacation.
LumpOfCole
Cereal Killer
(10-12-2017, 07:46 PM)
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I canít imagine there would be much regret if you sell half. You will get quite a bit and still hold on to some should the market contribute to defy logic.
Talents
Member
(10-12-2017, 08:00 PM)
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The amount of people like me who knew about bitcoin in its infancy but didn't buy any feelsbadman. Knew about them in like early 2011 but was only like 15 then so didn't have any money because I'd spent it all on games and shit, said I was gonna buy some when my birthday hit because it sounded "cool", never did because when my birthday hit they were like £20 each up from like £2 so I was like fuck that it isn't worth it.

Fml
SporeCrawler
Member
(10-12-2017, 08:06 PM)
i remember gaf threads when it hit 2000 dollars early this year... its 5000 dollars now? crazy...
commish
Jason Kidd murdered my dog in cold blood!
(10-12-2017, 08:06 PM)
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Originally Posted by Talents

The amount of people like me who knew about bitcoin in its infancy but didn't buy any feelsbadman. Knew about them in like early 2011 but was only like 15 then so didn't have any money because I'd spent it all on games and shit, said I was gonna buy some when my birthday hit because it sounded "cool", never did because when my birthday hit they were like £20 each up from like £2 so I was like fuck that it isn't worth it.

Fml

Even worse, my boss back then was BITCOIN OBSESSED. That's all he talked about. "It's the future! It's the future!"

Alas.
Se7enSword
Member
(10-12-2017, 08:15 PM)
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Keep them. They WILL increase a lot in coming months.
TyrantII
Member
(10-12-2017, 08:20 PM)
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Originally Posted by commish

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.

Same investors holding 90% the outstanding shares?

Of course they say that. They need patsies to buy in so they can cash out. That's your volatility there.
Wedge7
Member
(10-12-2017, 08:22 PM)
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I think its funny how the sentiment in these threads have definitely changed over time. The random bitcoin threads would get more than half of the thread saying what a scam it is, and how stupid it is etc, anyone putting money into it is an idiot. The numerous threads as it increased from a few hundred bucks to 1k, to 2k, 3k etc. The sobering thought is that it still could easily all plummet and be worthless, but still interesting to see how much the tone has shifted when you read earlier threads and now.

That and the standard "If only I had invested in it when it was only $X amount, I would be rich" posts that will probably never stop haha.
mullet2000
Member
(10-12-2017, 08:23 PM)
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Yeah I'll echo others. I would sell 1 of the 9 bitcoins now, use it to buy some nice things and put it towards my student loans, and keep the other 8 because it's probably going to keep going up.
Switch Back 9
a lot of my threads involve me fucking up somehow. Perhaps I'm a moron?
(10-12-2017, 08:24 PM)
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Originally Posted by Drkirby

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'm Canadian. Still bad math on my part but that's why I'm in the murder for hire business and not an accountant.

Originally Posted by Blizzard

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.

Originally Posted by Orin GA

PM me.

Originally Posted by DietRob

Yeah, I think I might right now too!

*burns journalism degree*
Last edited by Switch Back 9; 10-12-2017 at 08:27 PM.
Conor_Fool
Member
(10-12-2017, 08:24 PM)
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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
shintoki
sparkle this bitch
(10-12-2017, 08:25 PM)
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I'd sell 5 and invest that money into stocks
domocoma
Junior Member
(10-12-2017, 08:31 PM)
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Hold unless you need the money or want more diversification.
WaterAstro
Member
(10-12-2017, 08:33 PM)
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Just give it to me.
Arcteryx
Member
(10-12-2017, 08:34 PM)
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I'd sell 5. Invest a tiny bit in some other bit-like markets and the remainder would go towards "regular" investing.
D23
Member
(10-12-2017, 08:35 PM)
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HODL
Future PhaZe
Member
(10-12-2017, 08:38 PM)
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Sell three to generate interest on in a less volatile fashion and hold the rest
RinsFury
Member
(10-12-2017, 08:39 PM)
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Sell. Damn, I wish I had access to that kind of money.
True Savior
Member
(10-12-2017, 08:42 PM)
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Depends what will you do with the 45k. If you dont need them, dont.

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