Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Searing
on 14/11/2013, 11:04:41 UTC
So this question is for those of you who paid with credit cards/bank loans and have reached "break-even" status.

Are you selling the coins at current prices to pay off the owed/remaining amount and take that off your back or are you holding in hopes that the price keeps climbing and do it later when higher?

naw I'm keeping the coins...(what the heck you only live once)...if Bitcoin thrives I'll do ok....if bitcoin goes the way of beanie babies...I'll have a good laugh in later years at my youthful follies..most of my initial bitcoin investment is from getting rid of stuff from the attic on ebay from 20yrs of collecting (apple ii stuff game of thrones swords that kinda thing) ...so if this don't work out ..bitcoin that is ..I can have an 'Eureka" moment and be closer to "enlightenment" in the eastern tradition ie...simplfy also works if you sell crap and lose all .... I'll get a zen like appreciation of the simple life (what the heck got my attic back now have a 4 bedroom house vs 3 bedroom on paper with worth of house it is probably a wash anyway in a few years if BTC goes ker-plunk)

imho a lot of us are holding (foolish of otherwise  we will see) that and speculation imho is keeping the price up. imho its China the Chinese middle class in the regulated economy there has little options to get rid of extra cash ..real estate which is bloated or so far bitcoin....seems like a good bet to a lot of them their as an option I think

Searing