Quote from: User705 on January 14, 2015, 09:43:49 PM

Quote from: cypherdoc on January 14, 2015, 06:45:21 PM

Dow -350

are you sure you want to sell BTC?

Why not. With previous high broken through and badly who knows where the real bottom lies. It not like anyone will be selling their houses to buy back BTC just yet or ever. With most selling done in the high 100s or 1000s the smart entry point for BTC is likely lower. And that assumes an honest market which now that Wall Street is involved is anybodies guess. But it appears we are getting closer.

Well, since you ask, I just happened to do it a while ago:

Quote from: rpietila on January 14, 2015, 11:12:44 PM

Quote from: User705 on January 14, 2015, 09:48:25 PM

Quote from: rpietila on January 14, 2015, 05:19:08 PM

Quote from: Wandererfromthenorth on January 14, 2015, 05:06:38 PM

Bitcoiners want to get billionaires quick with their little scheme, call noobs that are trying to get out of the mess late "greedy".

It is no secret that I sold some at $675 in 2013. The next exit zone starts earliest at $3,000, probably higher.

It is no greed to sell at a bottom, it is just stupid. Stuff is as valuable as a year ago (or more, due to more adoption, etc.), yet 75% cheaper. This is a game and you are offered 4 times better odds than last time when you took them. Instead of taking them now, or holding, you decide to fold.

If anyone becomes a billionaire with bitcoin, he deserves it. So many chances of folding were offered but he held on.

But where is you buy zone? At what price point would you consider selling the castle to load up on BTC? Or perhaps you wouldn't ever? You mentioned most of the last bubble selling was in the high 100s, close to 1000 so assuming that a buyback price point would have to be 10x - 20x lower for most who cashed out to buy back at least same amount or more the bottom is still lower.

It depends what conversion ratio I get for the castle. They don't move very easily and mine could be appraised to half of what I paid for, or twice that. When I bought it, the plan was "<300 sell it, >3000 repair it, else hold it".

If I get the same that I invested, it's already looking good. More than 3 times increase in bitcoins in one year. (The secondary effect is that BTC price would go to >300 if bought at market).

So let's make it official: I'll sell the "bitcoin castle" to a serious buyer, asking price 1.1 million, my cost so far.

These kind of things make the rational player conclude that BTC is oversold. If a person in my position needs to buy more, instead of just living with the previous gains, everyone else should be buying already.

Also transactions at an ATH.

The whole 2014 is funny, a year of massive increase/improvement in everything. But price development somewhat sad. Reminds me of 2012.