Quote from: akishang on February 07, 2018, 01:35:27 AM

Quote from: Steamtyme on February 06, 2018, 11:47:21 PM

I just wanted to gauge what people did and why.

If you had BTC from October 2017 or earlier, maybe 1 maybe 100 and some with more I'm sure.

Did you sell in December? With the insane rise in price which was due for a correction how many people sold at or near peak and maybe set aside some for a correction to buy back in the Dip.

I ask because with the opportunity to cash out for FIAT which still makes the world go around it seems like selling at 20 000+ (CAD) makes sense. I hear a lot of people who say HOLD and hoard essentially, and to each their own; but I find myself wondering at what point do you sell if that is your philosophy.

Maybe you didn't sell; maybe you sold a few or dumped it all.

I myself didn't have much; I had amassed a small amount that I was portioning off to HOLD, but what I was holding was instantly sold at the peak or used to buy equipment mostly because I had a feeling that it was going to be worth about 50% in the near future. The price stayed higher for longer than I though but it also fell lower than I thought. I might have been completely wrong it may have continued to rise but in the end I was happy with the decision I made. I can always mine more...well some (damn difficulty lol)

To be honest, if I'm in the same situation I will sell some of the coins I have. If I have 1 BTC, I will sell it last December because the price is in its peak. If you have 100 BTC, I don't think they will allow you to convert all of it at the same time so you have no choice but to HOLD it. In our country, converting BTC to money has its limit and there is a possibility that you will be questioned if you converted a huge amount of BTC. You are lucky you were able to convert 2 BTC without hassle.

My situation is the same as yours, my country can not convert a large amount of bitcoin into currency， this is a limitation. Converting large amounts of bitcoin, you may be investigated by the police when you put the legal tender into the bank , they will think you are money laundering, so some people can only be forced to hold bitcoin.

frery

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