And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.
The bull v. bear stuff is something that has always puzzled me. I mean, surely anybody who owns any bitcoin is a "bull", no? Because if they were truly "bearish" about Bitcoin, they'd have kept their money in fiat, in a bricks & mortar bank, where it's "nice and safe". Nobody's going to have put their cash into Bitcoin unless they believe the price is going to go up.
Am I being overly simplistic?
there is short term, mid term, long term to be considered. i am a happy permabull. i think bitcoin will rise over $5k until 2020. we will see a new ath in 2017.
but i also think it will take at least until may 2017 to recover from this correction. if i had the guts i would sell some btc because i think we will see lower prices than the current one. but i am a coward, so i rarely do sell in moments like this one. just canīt stand the fear that price could explode therefore ending up with less btc...
I predict that in the April/May timeframe we will slowly creep over the $1K mark again, and the media won't say shit about it the next time. It'll be a non-event. Bitcoin probably won't be newsworthy again until the end of the year, when either an ETF launches, some major adoption announcement, or they do another round of those silly "which currency beat out all the others" type articles.
Oh, I did some paper trading once with bitcoin. Got my butt handed to me, would have lost out many btc if I had traded for real. Thank the godz I didn't.
y'all niggas don't even trade? what do y'all do when it drops? you gotta sell and find a new floor after a reasonable time.
y'all niggas don't even trade?
Mostly not.
what do y'all do when it drops?
I have generally found that selling at the bottom to be a poor trading strategy. But what the hell do I know? I mostly don't trade.
you gotta sell and find a new floor after a reasonable time.
Suit yourself. In a chaotic inscrutable market, the only consistent indicator being an 8-year bull run amounting to something like a 100,000-bagger, the only rational trade is to buy and hodl.
You're mostly right. Except there's money to be made during mad dips with the obligatory bounce back (or at the least increasing BTC count even if dollar value diminishes). But yes, day trading (without borrowing aka margin) and with .25% fees .... it's hard to consistently increase money value and BTC count.
You're mostly right. Except there's money to be made during mad dips with the obligatory bounce back (or at the least increasing BTC count even if dollar value diminishes). But yes, day trading (without borrowing aka margin) and with .25% fees .... it's hard to consistently increase money value and BTC count.
I agree with you about attempting to protect yourself from some of the price volatility, but I don't agree with the strategy that you seem to be suggesting, which is to sell when you see (or believe) that the price is going to go down - you are going to get screwed too many times if you attempt to time that and to figure that out.
The safer strategy is to sell on the way up and to buy on the way down, and part of the trick is figuring out increments and amounts in order that you neither run out of BTC to sell or money to buy with if the price tanks.
I have been employing such a strategy of buying on the way down and selling on the way up, and it seems to work pretty well.
A couple more things: 1) I don't think that it is a good idea to employ the selling part of the formula until you have figured out your accumulation targets and attempt to sufficiently accumulate before selling any BTC and 2) it is also a good idea to attempt to figure out various BTC/fiat ratios that you want to attempt to maintain and follow at certain price points. Of course, you can have some flexibility, but you should also try to have a plan or an outline, too so that you can attempt to stay within certain predetermined parameters - which is especially important during very high volatility periods, when you don't wanna get nervous and deviate too much from your predetermined plan.
I will try this. Gracias
Screw TA. Trust momentum, your gut, and be patient.
woke up in the middle of the night as price alarms went off...
bought a few coins as it started to rebound. went back to sleep.
woke up.
Same haha!
Was watching it live on BTCWISDOM by chance, sold at 1180, re-bought at bottom
http://i.imgur.com/wePFfAg.gifApproved
All I see is pump. Insider knowledge?
Seems suspiciously like it ...
wtf?
There was a dump to $1069 on finex just prior to the pump.
NO!
went from 1205 to 1336! then down to 1069 and back up to 1280!
WIIILD ASS SHIT
Made the quickest G of my life
website reads Thursday March 10 LOL
Anyone's life savings depending on this decision?
My life savings is in bitcoins but that is nothing new. An approval pushing the price up over $3k would mean I would retire sooner rather than later. A rejection means a few more years of buying many more bitcoins.
Not retire in the sense of no longer working...just working on something I want instead of living in a war zone working in a box.
Sheet
we are alike. but i exit when it's wild, and jump in when there's movement. margin trading is gambling
Anyone's life savings depending on this decision?
My life savings is in bitcoins but that is nothing new. An approval pushing the price up over $3k would mean I would retire sooner rather than later. A rejection means a few more years of buying many more bitcoins.
Not retire in the sense of no longer working...just working on something I want instead of living in a war zone working in a box.
Sheet
we are alike. but i exit when it's wild, and jump in when there's movement. margin trading is gambling
I wouldn't know what to exit into. I certainly do not want to buy dollars. How much longer can that ponzi scheme go on?
long term nothing is certain. and in keeping funds in an exchange people get burned all the time (i did with finex
)
I bet you Americans reading this have got nothing done today. At least us Brits could work knowing you guys aren't at work until 2pm GMT.
I got a lot done until 2!
Dude
I did not get ANYTHING done.
A little after 4.00pm US EST time.
My bet, no info to support it whatsoever - apart from I used to live in Manhattan. I just think they will want to release it after trading hours at NYSE / NASDAQ.
35 minutes... ish.
Battle positions, Gentlemen.
Fine wine at the ready or a nice cup of horlicks and a box of tissue to mop up the tears?
We americans don't know what horlicks is
A little after 4.00pm US EST time.
My bet, no info to support it whatsoever - apart from I used to live in Manhattan. I just think they will want to release it after trading hours at NYSE / NASDAQ.
35 minutes... ish.
Battle positions, Gentlemen.
Fine wine at the ready or a nice cup of horlicks and a box of tissue to mop up the tears?
We americans don't know what horlicks is
It's a hot malt drink. It's vile.
O_O
pictures look yummy at least. What's up with the mad wall resistance at bitfinex? stamp way ahead
A little after 4.00pm US EST time.
My bet, no info to support it whatsoever - apart from I used to live in Manhattan. I just think they will want to release it after trading hours at NYSE / NASDAQ.
35 minutes... ish.
Battle positions, Gentlemen.
Fine wine at the ready or a nice cup of horlicks and a box of tissue to mop up the tears?
We americans don't know what horlicks is
Let me use the Google for you....
A mug of Horlicks. Horlicks is a malted milk hot drink developed by founders James and William Horlick. It is now marketed and manufactured by GlaxoSmithKline (Consumer Healthcare) in the United Kingdom, New Zealand, Hong Kong, Bangladesh, Pakistan, India, and Jamaica.
Horlicks - Wikipedia
https://en.wikipedia.org/wiki/Horlickslol all the colonies, except jamaica. looks like we got a pre-pump before THE pump.
or a pre-pump before the drop :0
WHAT A WILD RIDE EVERYBODY!~
Wish bought when I saw 900s and 1000 flat stare me in the face while I was thinking. Oh well
