Quote from: deadpoolx on February 12, 2017, 11:12:30 PM

Quote from: Creepings on February 12, 2017, 02:05:00 PM

I did told myself to sell my bitcoins when i hit 6 to 7 bitcoins, though when its price is really going up high and really crazy i dont know if i want to sell it or maybe just convert it and buy some things. Though i do really want to sell some.

If you refer to all your Bitcoin holdings, I think selling everything could be a mistake. In the same way, I also think not to sell anything, if you need the money, it may be a mistake, as price could fall again, and you would have to sell at a lower price.

People selling all their coins at once has never made a lot people happy. I did it once a long time ago, and I must say it felt horrible. Horrible in the way that I completely sold something that I so strictly believe in. I bought everything back at higher levels just to get rid of my bad feeling. Since then I just cash out small percentages per time when the price has been peaking. This way I can continue to benefit if the price happens to go up higher. Beside that I have a separate wallet with coins for long term holding purposes. Just to make sure I always have coins.

Quote from: wpd on February 12, 2017, 11:36:23 PM

I bought mine $950usd per bitcoin. I want to make a 25% profit, and I will be losing 10% when selling them, so about 1710 usd. Let's hope it happens!

Looking at the high fee you have to pay for cashing out, do you sell them to a local buyer? Other than that, $950 + 25% = $1187.5 - 10% fee = $1068.75. Your mentioned amount of $1710 means you will need to gain 80% where after that you lose 10% in fees.