What I find so curious is that many HODLers here seem to have a very religious devotion to Bitcoin, despite the serious situation Bitcoin is in.
Oh no. Its not a religious devotion. Its a devotion based on actual information. Facts. Speeches at the most recent conferences. Hours spent listening to the latest Podcasts from Lets Talk Bitcoin. Hearing what is going on in adoption around the world. Interviews with the people in Africa lobbying the Govt for Bitcoin assimilation. Argentina. Canada. Europe. Knowing about Bitcoin 2.0 projects. ATM installations. Images on Twitter of 400 new ATMs about to go live in Dubai. Staying abreast of the latest news.
Because of the obvious massive adoption and growth going on, I know that "holding" will pay off one day. There is absolutely no reason for anyone to be cashing out yet. None. Doing so reflects a complete lack of awareness of what media outlets like LTB and Coinsider This are trying to convey to all of us.
The day I get the true vibe that the infrastructure is beginning to fail, is the day I cash out. It makes absolutely NO SENSE to cash out before then. I continue to be bewildered by the sheer volume of people on this website who have absolutely no knowledge of whats going on out there in infrastructure and adoption. Who is attending these international conferences, and what's being said. If you guys put more effort into knowing whats happening, you would never have cashed out yet. Not even once.
-B-
Must agree, there has never been a more obscene time to get out of Bitcoin than right now.
In regards the point about people spouting random price targets; when we were at $13 last January people were shouting that BTC will be at $1000 by years end. I thought they were crazy.