Bitcoins
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13 Jun 2016, 08:43
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Journals
One year ago I invested my money in some bitcoins at the course of about $230. Now, one year later, they have more than doubled in value and are worth $685 each.
With the recent increase in value of the bitcoin, I am considering to sell my bitcoins and take my profit. However, I have never done this before and I was wondering if any of you has some experience with selling bitcoins and is willing to give me some advice on the best way of doing this.
There seem to be many ways of buying and selling bitcoins but which one is the best?
Edit: A decent (Dutch) website seems https://bitonic.nl/ who charge a flexible fee between 1.5% to 2.0%
With the recent increase in value of the bitcoin, I am considering to sell my bitcoins and take my profit. However, I have never done this before and I was wondering if any of you has some experience with selling bitcoins and is willing to give me some advice on the best way of doing this.
There seem to be many ways of buying and selling bitcoins but which one is the best?
Edit: A decent (Dutch) website seems https://bitonic.nl/ who charge a flexible fee between 1.5% to 2.0%
I have found a physical exchange in the Netherlands (in Flevoland). They are asking a fee between 3 to 5 %. I was wondering if I can do better than that.
Website (Dutch): https://bitonic.nl
To answer your second question, I have an econometrical background and if there is one thing I learned in my study is that the current price should perfectly reflect the current market's believe about a price. Therefore, the best prediction about the price of a stock one period ahead is the current market price. Theoretically, it should not be possible to predict the increase or decrease of a stock price. In practice this does not necessarily be true, but for me as an individualist without any insiders information my intuition says that I should follow the theory.
To quantify how much a bitcoin should be worth exactly in the future is hard to say. It is still a relative new currency and not much is known about the use of it in the future. I have no good explanation why I am selling now, it is more a matter of feeling. Hope that this sufficiently answers your question.
American logic, someone gets shot -> not enough people carried a weapon that day in order to be able to prevent her death ":D", however, that wasn't really affecting it, but "luckily" for me, there was the shooting yesterday in Orlando.
Will sell them within the next two weeks, so I get a bit of profit, despite the fees and taxes (I use a broking portal by an Austrian bank) and once bitcoints' stock quotation is only rising slightly, I might consider getting some again, because I never buy too quickly rising stocks... yoyo effect n shit
Currently I am trying to figure out how to buy regular stocks against low fees. I want to go long in gold and short in DAX till the brexit poll. I will buy bitcoins again once the price has dropped significantly. I think the increase will last till about $900 and will fall when the Chinese people have trust in their government again and the halving of the bitcoins has found place.
Late answer is late
such currency