Silk Road forums

Discussion => Newbie discussion => Topic started by: raynardine on January 23, 2013, 11:23 pm

Title: Anyone Else Refusing to Sell BTC from Vending?
Post by: raynardine on January 23, 2013, 11:23 pm
I've noticed that quite a few vendors have decided to NOT "sell out" of their hoard of BTC, and collect most of them, selling off only just enough to cover operating expenditures.

Anyone here on the newbie board considering doing the same?

Why have you elected not to sell off your BTC?

My reasoning would be:

1. Selling BTC in large quantities is dangerous and risky, as the authorities will be watchful for money laundering.

2. BTC is valuable, and the price is increasing overall, though the price has its ups and downs like any free market.

3. BTC is safer than fiat currency, and is more likely to keep its value, as cynical as that sounds.
Title: Re: Anyone Else Refusing to Sell BTC from Vending?
Post by: nomad bloodbath on January 23, 2013, 11:38 pm
Currently watching the market close to decide on what rate i decidse to sell.

X)
nomad
Title: Re: Anyone Else Refusing to Sell BTC from Vending?
Post by: mumbojumbo47895 on January 23, 2013, 11:52 pm
Not a vendor but i have bought some BTC to hold on to and see what happens. Just wondering if i should convert more of my savings into BTC now.

Price is increasing overall.

Dont know if it is safer than fiat ... anyone care to comment more on this?
Title: Re: Anyone Else Refusing to Sell BTC from Vending?
Post by: xannie on May 02, 2013, 06:00 pm
yeah.. it worked out fine for me