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I Sold All My Bitcoin

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I finally did it. I sold all of my bitcoin. I took massive gains and am a happy camper. Know that gains are not realized until you sell. Hence that is what I did. There could be more profits to be made but the rapid ramp up of the price has me worried. I feel the risks are very elevated. I certainly will not buy more at this price of near $15,000 and so that meant I was selling slowly. With various market sentiments I can gather from various sources, I finally sold the remainder of my holdings due to my increased conviction that there will be a gradual reduction in price or a correction coming. Of course, it’s all speculation and I might be wrong. I know I’m happy with the gains so far.

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  1. BeatTheBush 11 January, 2018 at 19:40 Reply

    Blockchain tech in bitcoin is a distributed ledger of transactions and is replicated across many nodes. It uses the SHA256 hash function and is made highly efficient using dedicated ASICs

  2. Joshua Hoggard 11 January, 2018 at 19:40 Reply

    I start with thesis that most people are blind when it comes to Bitcoin. Very rarely is the underlying technology fantastic but the coin has systemic risks x,y & z. It's either the best thing since sliced bread or the greatest thing since sliced bread or a ponzi.

    It is good to see someone with controlled optimism for Bitcoin. Props to your channel additionally. Just noticed it now :).

    To be honest, my expectations was exactly what has happened. It was getting insane.
    People buy it as a speculative asset because the next person will pay more. It isn't reflecting it's utility at present. Holders are/were inflating the price artificially.

    What does buying bitcoin as an investment mean? Buying bitcoin is a bet on purchases of the coin being greater than coins which are sold. That is it – speculative & pyramid like in nature.

    I will I add, I don't think we are close to the "bubble". I think that the bubble will end with fire and fury as people see the value plummet but can't sell their bitcoin on the exchange. IMO it will rebound far higher. I think that there will be a period of in-denial & valuations aren't close to peaking. Current plummets have been due to Chinese regulation rather than the madness of crowds.
    I think there will surpass the previous peak sooner. And come crashing down.

  3. v foder 11 January, 2018 at 19:40 Reply

    You're a fucking liar and a fucking idiot. Just looking at the title of your video it's obvious LMAO you sold "ALL" means more than 1.. If you ever had them you'll but an "S" at the end of BItcoin… Moron ! And if this is ever true, why would anyone sold 100 bitcoins when it's obvious that it will increase so much more over time lol You made a bit more than 1mio with 100 BTC LMAO !!!!! You are indeed an idiot..

  4. Anton Nym 11 January, 2018 at 19:40 Reply

    I invest in Bitcoin / Monero as a small warning to all those banksters out there. I wont sell any – even if it crashes to zero. Zentral Banks are NOT to big to fail and I still hope the Blockchain can replace the old system. The Blockchain is anarchisic/decentral and i think it is here to stay. Sorry for all those banksters out there. The Blockchain also has some potential In other fields of application. Sorry you dont believe in this new tech, since it is decentral and does not corrupt like power usualy does.

  5. Joe Shmoe 11 January, 2018 at 19:40 Reply

    If bitcoin is a REAL currency why does everybody want to trade sell for their countries currency ? Doesn't that mkae it seem like not a real currency and possibly just a huge scam? Somoen help me out here, if bitcoin is currency why does everyone want to sell it?

  6. MattESL 11 January, 2018 at 19:40 Reply

    Why do you say you made a 500% gain and not a 400% gain? A 100% gain from your buy price of 2500 would be a sell price of 5000. A 200% gain equates to 7500. 300% would give a sell price of 10000, and a 400% gain would be 12500 which is the sell price you achieved. While you did sell at 500% of the original price, the gain was 400% as your gain was 10000 which is 400% of your buy price. By the way, a very good gain and I'm sure you'll still be patting yourself on the back in a few month's time when the price has fallen.

  7. videos4mydad 11 January, 2018 at 19:40 Reply

    Would you use a bank that charged $30 to talk to a teller? Would you use a credit card that charged $20 transaction fee every time you used it? Then why on earth would you or anyone want to use BTC? Because BTC's fees are so high, I consider it a useless currency. I believe in Bitcoin Cash as it has like $0.02 fees. I will not invest in a currency that I would not personally use. I can't use BTC due to fees, but I use BCH all the time.

  8. Dave Dörenberg-Veltman 11 January, 2018 at 19:40 Reply

    If I would participate in any ecoin I would pull my investment first and leave my profit margin in hopes that that could go higher. This way I originally would not have lost anything. With the profit I would decide how much % I would pull and repeat this process over again.

  9. Loco Moco 11 January, 2018 at 19:40 Reply

    Why does the USA block everything that can make young Americans fast money unlike every other countries? Where in other nations people are allowed to do whatever they want. Then here in America anything that can distrust the ultra wealthy in America is deemed illegal making it much harder for normal Americans to get rich!

  10. Deborah Praha 11 January, 2018 at 19:40 Reply

    Here is a question somebody can answer for me: what if, when you are selling, you get a number wrong? Like, what if I have 00003434403btc. and then I type 1 number wrong, what happens? Im not good with numbers, I dont own bitcoins yet for that reason. Im actually terrible at math and Im scared of selling it wrong and losing my money lol can somebody tell me how can I prevent that from happening? I would appreciate it.

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