1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Should I sell my bitcoin?

Discussion in 'CryptoCurrency' started by PinguSpy, Jun 15, 2017.

  1. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,382
    Likes Received:
    1,132
    Occupation:
    Internet Farmer
    Location:
    Pineal Gland
    Home Page:
    I own xxx amount of BTC since 2012.
    But after the hard fork issue I go paranoid.
    They will start to implement the bitcoin hard fork on 1/August/2017
    On that time, we will have 2 version of bitcoins. 1 BTC (original bitcoin) / 2 BTC (bitcoin unlimited).

    Just like ETH and ETH Classic.

    I bet, people gonna get panic on that date, and the price of bitcoin gonna drop really bad.

    For those that have no idea about what is bitcoin hard fork.

    Here the detail: http://www.zerohedge.com/news/2017-03-19/bitcoins-fork-road
     
  2. lilmasta

    lilmasta Jr. VIP Jr. VIP

    Joined:
    May 21, 2009
    Messages:
    2,514
    Likes Received:
    1,162
    Gender:
    Male
    Location:
    192.168.0.1
    If you have BTC from 2012 you are already making a killing, the price has gone down in pass couple of days give it a few more it will rise back up to 2500+ sell it :D again thats just my opinion
     
  3. Defeatenonce

    Defeatenonce Junior Member

    Joined:
    Mar 27, 2017
    Messages:
    184
    Likes Received:
    59
    Gender:
    Male
    I dont suggest to sell it now. The plummet just happened because off the media attention it got lately. It will rise again.
     
  4. domyhd

    domyhd Regular Member

    Joined:
    Oct 19, 2016
    Messages:
    299
    Likes Received:
    82
    Gender:
    Male
    Home Page:
    bruh.. 2012... you already made a mad profit but i dont suggest to sell it now. Wait couple of months/year-two. Hype arround Bitcoin is so big at the moment.
     
  5. viking011

    viking011 Junior Member

    Joined:
    May 6, 2015
    Messages:
    144
    Likes Received:
    36
    Gender:
    Male
    I would sell it when it reaches 2500+ again , if you want to keep them for a even more time it is a gamble but if It ever reaches 3-3.5k sell it and be extremly happy because xxx amount means at least 250 000$
     
  6. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,382
    Likes Received:
    1,132
    Occupation:
    Internet Farmer
    Location:
    Pineal Gland
    Home Page:
    I dont think it gonna reach $3k after 1/August

    Those hard fork, is too risky. It can collapse the entire bitcoin blockchain.
     
  7. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 25, 2011
    Messages:
    6,686
    Likes Received:
    2,525
    These is always the option to sell SOME now and some later... a one time dump seems like an odd choice.

    -ThopHayt
     
    • Thanks Thanks x 1
  8. Luco

    Luco Regular Member

    Joined:
    Dec 7, 2016
    Messages:
    329
    Likes Received:
    102
    Gender:
    Male
    It's like when you gambling, but you right now are a winner anyway cause you can make a shit tone of profit. Or keep the coins and you have two ways: 1-bitcoin will hit 3k and you can make 50k plus profit. Or 2- bitcoin will fall under 2k or worse and you lose 50-100k.
     
  9. deal with it

    deal with it Jr. VIP Jr. VIP

    Joined:
    Sep 30, 2015
    Messages:
    588
    Likes Received:
    255
    Gender:
    Male
    If you are wondering about worth of xxx BTC, here is the range.

    100*BTCprice to 999*BTCprice

    at BTCprice = $2347

    it will be ($234700, $2354643)


    i have no regrets as i was kid in 2010.
     
  10. Lego

    Lego Jr. VIP Jr. VIP

    Joined:
    Dec 26, 2014
    Messages:
    161
    Likes Received:
    36
    I would sell lol
     
  11. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,382
    Likes Received:
    1,132
    Occupation:
    Internet Farmer
    Location:
    Pineal Gland
    Home Page:
    The only thing I hate when I sell my BTC is, I have no idea where should I keep the money.
    If I withdraw the money to my local bank, my gov is gonna tax 25% of that money.
     
  12. chakde

    chakde Power Member

    Joined:
    Feb 24, 2010
    Messages:
    644
    Likes Received:
    757
    LocalBitcoins for cash
     
  13. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

    Joined:
    Oct 28, 2011
    Messages:
    3,879
    Likes Received:
    2,128
    Occupation:
    Ninja
    A side question.. When we get 2 version of bitcoin, then which one will be more better? The original or the unlimited one.
     
  14. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

    Joined:
    Dec 7, 2007
    Messages:
    1,382
    Likes Received:
    1,132
    Occupation:
    Internet Farmer
    Location:
    Pineal Gland
    Home Page:
    The original version have a very bad disadvantages.
    - Higher fees
    - Slow transaction. Took 10 minutes or above
    - 1MB blockchain size (it cant handle that anymore, since more and more people start using bitcoin)

    Even after Segwit. This problem still cannot be fixed.

    So that they purpose bitcoin hard fork. Basically, a new blockchain (something like that), and using new coin too kind of altcoin aka bitcoin unlimited.

    This 2 coins sure, gonna fight on each other and get conflict.

    And of course people gonna love new bitcoin unlimited, but how about eCommerce that already implement the bitcoin core aka original bitcoin?

    people will start get confused what coin they gonna side with, BTC or BTU including ecommerce.

    Either BTC dies..
    or
    BTU dies..
    or
    Both dies..
     
    • Thanks Thanks x 1
  15. imoneyboy1

    imoneyboy1 Regular Member

    Joined:
    Jan 29, 2014
    Messages:
    312
    Likes Received:
    52
    Both will die, resulting in LTC's rise. The creator of LTC (Litecoin) is already on his toes preparing for this moment. That is why he left coinbase after adding LTC to it, and now preparing for this. Sell ASAP!!!!
     
  16. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

    Joined:
    Aug 17, 2010
    Messages:
    1,824
    Likes Received:
    489
    Gender:
    Female
    Location:
    In My Blog Network
    Home Page:
    If you have no regrets then cash it out mate. Tomorrow is never sure for anything.
     
  17. interkul

    interkul Jr. VIP Jr. VIP

    Joined:
    May 21, 2017
    Messages:
    123
    Likes Received:
    31
    Gender:
    Male
    I think it's good moment to sell at least part of the btc You have.
     
  18. lilmasta

    lilmasta Jr. VIP Jr. VIP

    Joined:
    May 21, 2009
    Messages:
    2,514
    Likes Received:
    1,162
    Gender:
    Male
    Location:
    192.168.0.1
    if i were you i would sell 8-10 to see how my local bank reacts to the money coming in and then i would decide what to do with them, if you cann't widraw without getting in trouble, then TBH they are useless, you can easily trade them for paypal money. or find some of the big ballers who are buying millions worth of coins. 25% fee is huge where you from if you don't mind me asking
     
  19. Count Dracula

    Count Dracula BANNED BANNED

    Joined:
    May 9, 2017
    Messages:
    96
    Likes Received:
    49
    Gender:
    Male
    Exchange them for cash , buy gold , buy deposit box inside bank and keep it there.
     
  20. zerkamaz

    zerkamaz Junior Member

    Joined:
    Jun 25, 2015
    Messages:
    185
    Likes Received:
    45
    Gender:
    Male
    Occupation:
    Need Domain Names?
    Location:
    ↓↓↓↓↓↓↓↓↓↓↓↓↓
    In this business, I prefer that you diversify your business to minimize the risk!
    With XXX BTC, I would make $XX,XXX Profit monthly from it, Think about it ;)